**9 FAMILY WITH 2 VACANT UNITS** BRICK** **BRING YOUR BUYERS!** **MATTERPORT TOUR PROVIDED UPON REQUEST** **Located in a Historically Significant Building composed of 3 large properties, 677 Grandview Ave sits in its Center. Beautiful architecture as well as close proximity to multiple means of travel make this property desirable to both renters as well as investors. ** -1st Floor: (4) Studio/One Bedroom Apts -2nd Floor: (2) Two/ Flex Three Bedroom Apts -3rd Floor: (2) One Bedroom Apts and (1) Two/ Flex Three Bedroom Apt -Full Basement SHORT WALK TO THE FOREST AVE M-LINE AND MYRTLE WYCKOFF M/L-LINE! THIS IS A FULLY FUNCTIONAL…TURN KEY…INCOME PRODUCER IN RIDGEWOOD, QUEENS Renters LOVE: - Only a 5 Minute walk to the Forest Ave M-Line Subway. - The walkability of a neighborhood that is fully equipped with what you need just a corner away. - Restaurants, Bars, and Everything In Between. - A Pet-Friendly neighborhood that has been experiencing a wave of Brooklyn Renters looking for a place to call home. *Local Brooklyn Renters have been getting increasingly frustrated with high Brooklyn Rents flooding Ridgewood with a growing art scene and cultured ideas. * Investors LOVE: - This is an Excellent Rent Roll Opportunity to own a middle property in the Iconic "Matthews Model Flats", the apartment houses that served as Ridgewood's Foundation. Groceries, Delis, Pharmacies, Dining, Bars, Hair and Nails…if your renter needs it…they will find it! -What Makes this Renters Haven Heavenly is the Commutability: -WALKING DISTANCE TO THE SUBWAY: Forest Avenue M-Line is only 5 Minutes Away and Myrtle Wyckoff M/L Line is only 15 Minutes away -WALKING DISTANCE TO THE BUSES: B13, B20, Q39, Q58, - This is a 9 Unit Building and 2 units will be delivered VACANT -This is a Rent Stabilized Building, all Renters are On-Time - LOCATION, LOCATION, LOCATION! Other Important Details: -Built in 1914/ Landmarked -Building is R6-B Zoning -Building Size: 34X65 -Lot Size: 34X65. 75 -Taxes: $29, 916. 76 Annually -15 Beds/ 9 Baths 2, 210 sqft per floor. Total Building is about 8, 840 sqft Buyers must perform own due diligence. All info deemed accurate but not reliable.
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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 | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $2,493 | $2,493 | $2,493 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,442 | $5,891 | $7,826 |
Total Monthly Payment | $8,060 | $8,509 | $10,444 |
* 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.