Detached legal 2-family frame home in a highly desirable location in Middle Village, Queens, featuring your very own detached 2-car garage with tons of storage above parking spaces! Vacant on title, this 2-family home has been lovingly maintained. The first-floor apartment features a heated front porch room, perfect to utilize as an office, a living room, spacious eat-in kitchen with ample counter space and cabinets, 2 bedrooms, and a full bathroom. The second-floor apartment features a spacious living room, large eat-in kitchen, 1 bedroom, and a full bathroom. Additional features include a full finished basement with full bathroom, a private fenced in yard, perfect for barbeques or escaping the hustle and bustle of Queens living, a driveway and rare detached 2-car garage with tons of storage space above the parking spaces. This home is conveniently located near the scenic Juniper Valley Park and is close to many forms of public transportation including the local Q29, Q38, and Q47 bus lines as well as the easy access to the express QM24, QM25, and QM34 bus lines to Manhattan. Zoned for PS/IS 49 and Forest Hills High School. This property provides the peacefulness of a residential area while still having easy access to the amenities and entertainment options of the city. Excellent opportunity for a 1031 exchange.
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William Raveis Real Estate
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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 | $694,400 | $694,400 | $694,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
Monthly Tax Payment | $622 | $622 | $622 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,997 | $4,332 | $5,813 |
Total Monthly Payment | $4,711 | $5,046 | $6,527 |
* 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.