Welcome to this Legal TWO FAMILY brick house located in the heart of Queens, where convenience meets comfort. Ideal for multi-generational living or an investment opportunity, this property offers a blend of modern amenities and classic charm. Prime Location: Nestled in a vibrant and sought-after neighborhood, you'll enjoy easy access to local shops, restaurants, and public transportation. Commuting to Manhattan is a breeze with nearby subway and bus options. Spacious Living: Each unit features generously sized rooms with natural light. The first-floor unit boasts a cozy living room, a newly renovated kitchen, two bedrooms, and a full bath. The second-floor unit offers a similar layout with two bedrooms and an additional bathroom. Basement: Step into a generously sized, fully finished basement. The open layout provides ample room for a variety of uses, from a cozy family room to an entertainment hub or even a home office. Additional bathroom enhances the functionality of the basement, making it an ideal space for guests or family members. Separate Entrance: For added privacy and convenience, the basement comes with a separate entrance, providing independent access to this additional living area. Enjoy the convenience of basement laundry facilities. Outdoor Space: The property includes a private backyard. There's also off-street parking available with a dedicated long driveway that easily fits 4 or 5 cars. Investment Potential: With separate entrances and utilities, this home is an excellent opportunity for rental income. The flexible layout and separate entrance for each floor allows for easy adaptation to various living arrangements.
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 | $700,000 | $700,000 | $700,000 |
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 | $575 | $575 | $575 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,975 | $4,367 | $5,860 |
Total Monthly Payment | $4,642 | $5,034 | $6,527 |
* 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.