Welcome to 24-39 42nd Street. This rare three-unit home is situated on a coveted double lot (42 x 94) and offers an expansive gated driveway with ample off-street parking, a two-car garage and shed for extra storage. This property presents an exceptional opportunity for both investors and homeowners seeking space and versatility.
The home itself is a solid, two-story structure with two, one-bedroom units and a three-bedroom owner's duplex. Inside you will find generously sized rooms, high ceilings and large windows throughout. Each unit includes an updated kitchen with stainless steel appliances and contemporary bathrooms.
Located near Steinway Street, this home is near popular restaurants, cafes and parks and just a short distance from public transportation, making it convenient for commuting. With its unique combination of space, location and rental potential, this property is a must-see for buyers looking for a prime investment or a spacious home with room to grow.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,175,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,740,000 | $1,740,000 | $1,740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $935 | $935 | $935 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,154 | $10,998 | $14,683 |
Total Monthly Payment | $11,214 | $12,058 | $15,743 |
* 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.