Welcome to this charming, fully renovated two-family home nestled in the heart of Glendale, Queens, just off Otto Road. Originally built as a single-family residence, this property has been thoughtfully converted into a spacious two-family layout, offering a perfect blend of modern updates and classic charm. Ideally located near the Fresh Pond Rd M train station, Mafera Park, Stop and Shop, and the vibrant Myrtle Avenue shopping district, this home is not conveniently situated but also a true turnkey opportunity.
The first-floor apartment features a comfortable 2-bedroom, 1-bathroom layout, offering an ideal space for an owner. The second floor is a cozy 1-bedroom, 1-bathroom apartment, perfect for a guest suite or rental opportunity. Both units are equipped with brand new mini-split heating and cooling systems, providing year-round comfort and efficiency.
The fully finished basement includes a laundry room and a convenient half-bathroom, adding extra functionality to the home. The property also benefits from a well-maintained exterior, with a new siding, updated windows, and a roof in excellent condition. The shared driveway leads to a detached garage at the back of the house, offering additional parking and storage space.
This home offers flexibility for both owner-occupiers and investors, with its impeccable condition, modern amenities, and prime location. Whether youre looking for a comfortable family residence or a smart investment opportunity, this property is ready to move in and enjoy.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $544 | $544 | $544 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,197 | $4,546 | $6,069 |
Total Monthly Payment | $4,833 | $5,182 | $6,705 |
* 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.