Large Legal 2 Family w/ 3 Apartments on an Extra Large Lot in Prime Woodside! Also it is a Fantastic Development Opportunity! Zoning Analysis Available! Great location! The property is located right between Queens Blvd and Woodside Ave. Very easy access to BQE. Only 7 blocks to Woodside LIRR station and 61st-Woodside 7 train station. It takes only 20 min to get to Manhattan. Steps away from several bus stops. It is surrounded by stores, groceries, coffee shops, bars, and restaurants. Welcome to a rare find in the heart of Woodside, offering an expansive 40 x 100 ft lot primed for development with 5, 400 BSF (Buildable Square Footage). This property presents an exceptional chance to capitalize on its zoning potential, allowing for the construction of a 6-unit building with spacious apartments. Zoning analysis is available upon request. Currently, the property features a large legal 2 family house with 3 apartments and a detached 3 car garage in the rear. It needs TLC. Another opportunity is to keep the existing house and enjoy one of the spacious lots that Woodside has to offer. Lot: 40 x 100 ft Building: 20 x 45 ft Zoning: R5B FAR: 1. 66; Max FAR: 1. 35 Taxes: $10, 463/Yr This is a Great Opportunity for both Users and Developers! Zoning Analysis and Renderings are available!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,199,200 | $1,199,200 | $1,199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $872 | $872 | $872 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,809 | $7,481 | $10,039 |
Total Monthly Payment | $7,806 | $8,478 | $11,036 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.