This rare gem in the heart of Flushing is an unparalleled opportunity, perfect for savvy buyers and visionary developers alike. Spanning a remarkable 16, 000 square feet, this expansive property combines the allure of a prime location with endless possibilities. Nestled within a serene, park-like setting, the existing 5-bedroom, 3-bathroom residence exudes charm and offers the potential to be restored to its original splendor-ideal for those who dream of a spacious family retreat. Alternatively, developers will appreciate the potential to maximize this prime land by constructing up to four 2-family homes, contingent on local zoning and architectural approvals. Its unbeatable location ensures seamless access to shopping, public transportation, and excellent schools, making this an ideal canvas for creating an exceptional lifestyle. Properties with this unique blend of scale, setting, and potential rarely come to market, and we expect a high level of interest. Act quickly to secure this extraordinary opportunity-before it's gone!, Additional information: Appearance: Excellent, Interior Features: Lr/Dr
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,950,000
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 | $2,360,000 | $2,360,000 | $2,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $1,198 | $1,198 | $1,198 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,960 | $15,111 | $20,075 |
Total Monthly Payment | $15,283 | $16,434 | $21,398 |
* 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.