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87-16 Liberty Avenue, Queens (Ozone Park), NY, 11417 | $1,050,000
If you're in the market for a versatile investment property in a thriving neighborhood, look no further than 87-16 Liberty Ave, Ozone Park, NY 11417. Listed at $1, 050, 000, this B9-classified property offers a unique blend of residential and commercial potential that promises robust returns. Situated on bustling Liberty Avenue and within six blocks of Cross Bay and Rockaway Blvd, this mixed-use property boasts an ideal location. The first floor features a commercial space perfect for a retail store or office, while the second floor offers a residential dwelling. This dual-purpose setup is not just convenient but also maximizes revenue streams by catering to both commercial and residential tenants. Accessibility is one of the standout features of this property. With quick and easy access to trains, buses, restaurants, grocery stores, and other conveniences, it's an attractive option for potential tenants. Proximity to the Q112, Q41, and Q8 buses as well as the "A" train line ensures seamless commuting options. Additionally, being close to parks and JFK Airport further enhances its appeal. For investors looking for flexibility in financing, owner financing is available with a substantial down payment. This can ease the financial burden and make it easier to acquire this promising property. The mixed-use classification allows for a variety of business opportunities on the ground floor while maintaining steady rental income from the residential unit above. Whether you're an investor seeking rental income or an entrepreneur looking to run your own business while living upstairs, this property offers unparalleled potential. In summary, 87-16 Liberty Ave is more than just a piece of real estate; it's an investment in a vibrant community with endless possibilities. Its strategic location combined with its mixed-use capabilities makes it a prime candidate for anyone looking to diversify their investment portfolio. Don't miss out on this exceptional opportunity!
Features
- Town: Queens
- Rooms: 11
- Bedrooms: 6
- Baths: 2 full
- Units: 2
- Style: Two Story
- Year Built: 1935
- Heating: Natural Gas, Hot Water
- Cooling: None
- Basement: Full
- Acreage: 0.04
- Est. Taxes: $6,247
- Lot Desc: Near Public Transit
- Elem. School: Queens Explorers Elementary School
- Middle School: Jhs 210 Elizabeth Blackwell
- High School: John Adams High School
- School District: Community District 27
- MLS#: 3575492
- Days on Market: 68 days
- Website: https://www.raveis.com
/prop/3575492/8716libertyavenue_queens_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
87-16 Liberty Avenue, Queens (Ozone Park), NY, 11417
$1,050,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 | $840,000 | $840,000 | $840,000 |
| 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 | $521 | $521 | $521 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,836 | $5,309 | $7,088 |
| Total Monthly Payment | $5,482 | $5,955 | $7,734 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535