This captivating 5-family property, located in the highly sought-after Jackson Heights neighborhood, presents an outstanding investment opportunity. Built with enduring quality in mind, this all-brick, semi-detached gem offers a diverse array of living spaces that cater to various needs. The property features two generously sized 3-bedroom apartments, each with 2. 5 bathrooms, terraces, and skylights, ensuring ample space and natural light. In addition, two comfortable 1-bedroom apartments, each boasting its own terrace, and a well-appointed 2-bedroom apartment complete the lineup. The full finished basement offers versatility for various uses. What sets this property apart is that each apartment has its own boiler, making tenants responsible for their heating and electric expenses, enhancing cost-efficiency. With a well-maintained and sturdy construction, this building, boasting a substantial size of 7, 130 square feet, provides both comfort and durability. Its prime location just blocks away from the 82nd Train Station, a 20-minute commute to Manhattan, and excellent bus transportation options on Northern Blvd, 35th Ave, and Roosevelt Ave ensure unparalleled accessibility. Moreover, the neighborhood offers a wealth of amenities, including farmers' markets, diverse dining options, organic markets, wine stores, churches, coffee shops, and the scenic Travers Park, among others. This property is your gateway to both an exceptional investment and a vibrant community. Schedule a viewing today to explore its boundless potential. , Additional information: Appearance: EXCELLENT, Separate Hotwater Heater: 5, Building Size: 7130
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William Raveis Real Estate
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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 | $1,400,000 | $1,400,000 | $1,400,000 |
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 | 6.748% | 6.474% | 6.036% |
Monthly Tax Payment | $4,728 | $4,728 | $4,728 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,949 | $8,734 | $11,720 |
Total Monthly Payment | $12,802 | $13,587 | $16,573 |
* 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.