Expansive Single-Family Gem with Potential for Two-Family Conversion in Richmond Hill! Discover an incredible opportunity! This spacious and versatile property offers more interior space than many existing two-family homes in the area, with R4A zoning-perfect for a potential two-family conversion. Consult with a licensed architect to explore the possibilities. Located in vibrant Richmond Hill, this home boasts four levels, a private driveway, garage, and a full finished walk-out basement with a separate entrance. The layout provides flexibility for multi-generational living or rental income opportunities. The first floor features two bedrooms, a living room, an eat-in kitchen, and a walk-in closet. The second level includes three additional bedrooms, living room, full bath, while the third level offers two rooms ideal for home office. The finished attic and basement add to the expansive feel of this home, creating even more possibilities for customization. Situated on a large 40 x 112. 5 ft lot (4500 sq. ft. ), this 1, 962 sq. ft. property also includes a spacious fenced-in yard, perfect for outdoor gatherings and relaxation. The property square footage (1, 962) does not include the basement. With close proximity to transportation, parks, stores, and entertainment, this property is ideally located for homeowners and investors alike. Don't miss out on this rare opportunity to create your dream home or generate rental income in one of Queens' most desirable neighborhoods!
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William Raveis Mortgage, LLC
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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 | $820,000 | $820,000 | $820,000 |
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 | $561 | $561 | $561 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,656 | $5,116 | $6,864 |
Total Monthly Payment | $5,342 | $5,802 | $7,550 |
* 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.