Quintessential and Spacious 3 Family home located in East Elmhurst. Great Investment for Homeowners and Investors alike. Perfect blend of comfort and convenience with register business and great for large families. The versatility and possibility of this home is unique in one of Queens most desirable neighborhoods. The home highlights Three distinct apartments with separate electrical remote control heating and AC units. The first floor consists of one bedroom with a formal dining room, a large size walk-in closet. The walk-in apartment consists of two bedrooms. The top floor consists of three cozy bedrooms. The home boasts a comfy back porch for relaxing outdoors with space for gardening and entertaining. The garage is converted into a registered business as an additional extra income opportunity. Additionally parking can accommodate few cars. Prime location situated minutes from Laguardia Airport with easy access to City and Long Island. Convenient access to public transit, dining and shopping with parks for outdoor enjoyment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
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 | $662 | $662 | $662 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,813 | $7,486 | $10,045 |
Total Monthly Payment | $7,600 | $8,273 | $10,832 |
* 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.