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116-42 Merrick Boulevard, Queens (South Jamaica), NY, 11434 | $775,000
Deal Fell Through!!! Motivated Seller. . . Welcome to 116-42 Merrick Blvd. This spacious multi-unit home is located a stones throw from Roy Wilkins Park. The property is currently configured as a 3-bedroom 2 bath over a 3-bedroom 2 bath plus an unfinished basement with its own egress. If you are handy and good with a hammer this is the property for you. Priced right for any buyer looking to remodel their own home and wants a multi unit to offset carrying costs. This property also is a great deal for any investor look for some positive rental income. The property offers a spacious backyard, basement and driveway for off street parking. The property is close to public transportation and other neighborhood amenities. This property really is great value, don't miss out.
Features
- Town: Queens
- Amenities: Driveway;
- Rooms: 12
- Laundry: InUnit
- Year Built: 1999
- Cooling: Unknown Type
- Building Access : Walk-up
- Service Level: None
- Built Size: 22'x54'
- OLR#: RPLU5123149509
- Days on Market: 133 days
- Website: https://www.raveis.com
/prop/RPLU5123149509/11642merrickboulevard_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Douglas Elliman Real Estate - Park Plaza
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888.699.8876
Contact@raveis.com
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert.Reade@raveis.com
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
116-42 Merrick Boulevard, Queens (South Jamaica), NY, 11434
$775,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,282 | $4,177 | $5,274 |
| Total Monthly Payment | $4,374 | $4,269 | $5,366 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535