***** LOCATION, LOCATION, LOCATION!!! ***** - Commercial building located in the Heart of Elmhurst Queens Blvd minutes away from Grand Ave subway station, Building was operated as a restaurant and club before then Senior Center. - Zoning allow multiple types of business and just minutes from bus Q60, Q58, Q53, Q59, Q29, and the Train Station of E, F, M, R. - Lot size 31ft on Queens Blvd X 40ft. on 51Ave X 102ft deep IRR. with R6 overlay C2-3 Zoning, - Great development opportunity, Price to sell, Better Hurry! - Adjacent property lot size: 2812 sqft. And they pulled multiple levers to achieve: 13, 424 sf. Base on 100' wide street = up to 3 FAR, Community facility = up to 1 FAR, Commercial = up to 1 FAR - This property is the same zoning as adjacent property. So base on that 82-19 Queens Blvd should allows to add the residential and commercial to the max of 4. 85 far of this zoning lot. So if the zoning lot is 2865 Sqft. , then we should abld to build 13, 895 sf.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,990,000
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 | $2,392,000 | $2,392,000 | $2,392,000 |
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 | $1,799 | $1,799 | $1,799 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,150 | $15,316 | $20,347 |
Total Monthly Payment | $16,074 | $17,240 | $22,271 |
* 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.