Located in the vibrant neighborhood of Jamaica, NY, this multi-family property offers ample living space with 5 bedrooms and 3. 5 bathrooms, perfect for accommodating families or investors seeking rental income. Situated on a detached lot, the property boasts privacy and convenience. The property's location offers residents easy access to various amenities and attractions. For outdoor enthusiasts, the beautiful Roy Wilkins Park is just a short distance away, providing green spaces, walking trails, and recreational facilities for leisure activities and relaxation. Commuting is a breeze, with convenient access to public transportation options. The nearby Jamaica Center-Parsons/Archer subway station offers access to multiple subway lines, facilitating effortless travel throughout Queens and beyond. Additionally, several bus routes serve the area, providing convenient connections to neighboring communities. John F. Kennedy International Airport is nearby for travelers, making travel convenient for business and leisure purposes. This property presents an excellent opportunity to own a multi-family property in a convenient location with access to parks, transportation, and the airport, making it an ideal choice for families and investors alike.
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William Raveis Real Estate
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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 | $703,440 | $703,440 | $703,440 |
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 | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | $657 | $657 | $657 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,994 | $4,389 | $5,889 |
Total Monthly Payment | $4,743 | $5,138 | $6,638 |
* 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.