Presenting a rare opportunity to purchase an incredible 4-family property on the water in prime Howard Beach! Comprised of 2 side-by-side 2-family residences, this amazing offering presents endless possibilities - whether it is sold in its entirety to 1 buyer, or as separate 2-family homes for 2 different buyers. You can live in one unit and rent out the others to earn substantial monthly income, rent out all the units maximizing return, or create a single-family waterfront dream house. The spacious semi-attached homes are situated in a desirable community known for its water vistas, abundance of parks and numerous conveniences. Topping the allure is plenty of off- street driveway parking, 2-car garages for each property, large terraces on the upper and lower levels, and best of all, fabulous water views that are unmatched in NYC. You'll enjoy the perks of having a beautiful backyard. Interiors are finely-appointed offering gleaming hardwood floors, tremendous storage space, generously-sized light-filled rooms, gracious layouts for living, dining and entertaining in comfort, along with well-equipped kitchens for the cook. This super-special property set directly on the water does not come along often and is truly one-of-a-kind. It's a Must see property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,699,000
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 | $1,359,200 | $1,359,200 | $1,359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,135 | $1,135 | $1,135 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,824 | $8,591 | $11,470 |
Total Monthly Payment | $9,083 | $9,850 | $12,729 |
* 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.