Discover the perfect investment opportunity or multi-generational living solution at 151 Gertrude Avenue in the charming community of Mamaroneck. This spacious multi-family home is set in a coveted school district, directly across from the renowned Mamaroneck Avenue Elementary School, making it an ideal location for families. This property offers two legal apartments, providing flexibility and potential rental income. The basement level features a fully legal 3-bedroom apartment with its own separate entrance, offering privacy and convenience for tenants or family members. The main living space on the first and second floors is a thoughtful 4-bedroom duplex, complete with in-unit washer and dryer for modern convenience. Enjoy generous living spaces that accommodate both relaxation and entertainment. Located just minutes from the I-95, this home provides easy access north and south, perfect for commuters. Additionally, downtown Mamaroneck, known for its vibrant restaurant scene, is just a short distance away, offering a variety of dining and entertainment options. With its prime location, ample living space, and investment potential, 151 Gertrude Avenue is a unique opportunity not to be missed. Experience versatile living in the heart of Mamaroneck today!
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$699,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | $1,472 | $1,472 | $1,472 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,720 | $3,717 | $4,716 |
Total Monthly Payment | $5,284 | $5,281 | $6,280 |
* 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.