Commercial Grade 3-Car Garage AND 2 Impeccably Designed Duplexes - A Unique Investment Opportunity in the Heart of Astoria. A MUST SEE FOR THE DISCERNING INVESTOR! Skillfully renovated with the highest quality materials and superior workmanship, the entire redesign and renovation - from top to bottom - was completed in 2012. The renovation includes an extension, new roof, electric, plumbing, structural support, split heat/ac units, Anderson windows. . . THE WORKS! All fully photo documented. ***PLUS*** a newly built, 625 sq ft, 3-car garage with 14ft ceiling. FIRST FLOOR DUPLEX (1394 sq ft) This open floorplan kitchen/living room with 9 ft ceilings and real hardwood floors is as beautifully designed as it is expertly executed. Three bedrooms (with built in closets and additional storage space) and two bathrooms provide for abundant living space. Private patio, accessible from the back and side of the property provides enviable outdoor space. Dedicated hot water heater/meter. SECOND FLOOR DUPLEX (1210 sq ft) Drenched with natural light from wall-to-wall windows, this airy, open floorplan kitchen/living room also boasts 9 ft ceilings and real hardwood floors, three bedrooms and two bathrooms round out this beautiful living space. Private patio, accessible from the kitchen, lends itself to perfect outdoor dining and entertaining opportunities. Dedicated hot water heater/meter. BASEMENT Full, finished. There is a dedicated 104 sq ft laundry area in the basement as well as a new central heating boiler housed in a 77sq ft boiler room. ADDITIONAL Front and rear 24/7 security camera system PARKING There are a total of 5 parking spaces. A newly built, 625 sq ft, 3 car garage constructed of brick, commercial grade concrete and cinderblock boasts a 14 ft high ceiling and includes a second-tier overhang providing an additional 620 sq. ft. of storage space. There are 2 additional parking spaces as well. Garage rental income potential is $1, 600 per month and will be delivered vacant. LOCATION A true commuter’s dream nestled on a tree-lined residential street and just steps away from every necessity on bustling Broadway. Vibrant cafes, restaurants, gastro-pubs, entertainment and shopping are all just a short walk away. TRANSPORTATION A quick, 20-minute subway ride to Manhattan, Super short walk to R/M trains. By car, easy access to all major highways, thoroughfares and bridges. INCOME 1st Floor Duplex - Currently rented on a month-to-month basis at $4000 per month (includes an outdoor parking space) 2nd Floor Duplex - Currently rented for $4400 per month with lease expiring 6/30/2025 (includes an outdoor parking space) Garage $1, 600 per month (delivered vacant)
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,888
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 | $1,599,910 | $1,599,910 | $1,599,910 |
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 | 6.697% | 6.597% | 6.158% |
Monthly Tax Payment | $562 | $562 | $562 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,337 | $10,113 | $13,501 |
Total Monthly Payment | $10,024 | $10,800 | $14,188 |
* 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.