Welcome to 60-50 59th Drive, Maspeth, NY 11378 - a legal two-family, semi-detached gem offering incredible potential for both end-users and savvy investors. This spacious property, situated on a 20x100 lot, features 3 bedrooms, 2. 5 bathrooms, and approximately 1, 860 sq. ft. of interior living space. With a private driveway, full basement, and garage, this home offers flexibility and room to grow. The first floor includes a large living room with plenty of natural light, a front-facing primary bedroom, and a cozy kitchen with access to the backyard and garage. Upstairs, you'll find two additional bedrooms, a full bathroom, and a freshly painted kitchen with white cabinets and appliances. The full basement offers plenty of potential, with space for a recreational area, laundry, and a convenient half bath. Though the home needs some work, including a new boiler, it is being sold as-is, offering the perfect blank canvas for customization. Whether you're looking to live in one unit while renting the other, or simply seeking an investment property, this home offers great value and upside in a thriving Maspeth neighborhood. Located conveniently close to shopping, schools, and public transportation, this home offers both comfort and convenience. . Delivered vacant and ready for your vision -don't miss this incredible opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$849,000
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 | $679,200 | $679,200 | $679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $535 | $535 | $535 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,856 | $4,182 | $5,640 |
Total Monthly Payment | $4,483 | $4,809 | $6,267 |
* 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.