222 Lowell Avenue, Old Westbury (Floral Park), NY, 11001 | $999,000

Rare Investment Opportunity in Floral Park Village! This legal two-family home in the highly sought-after Township of North Hempstead presents an incredible opportunity for investors or homeowners looking for rental income potential. Renovated and well-maintained, this property offers modern amenities and ample space in a prime location. First Floor: The main level was beautifully renovated in 2014, featuring a spacious Living Room/Dining Room area, and an Eat-in Kitchen with sleek maple cabinets, a center island/breakfast bar, and updated appliances. You'll love the convenient outside entrance to the backyard off the kitchen, offering great potential for outdoor entertainment or relaxation. The first-floor layout includes a Primary Bedroom with an en-suite bathroom, plus two additional bedrooms and another fully renovated bathroom. Second Floor: This separate unit, accessible through its own private entrance, boasts a spacious kitchen, a full bathroom, and three bedrooms, making it ideal for tenants or extended family living. Finished Basement: In addition to the two family units, this property includes a full finished basement featuring tile floors, a full bathroom, a utility room with dual boilers and water heaters, and a laundry area (washer/dryer not included). The basement offers ample storage space with a private entrance. Located just minutes from shopping, dining, and transportation, this home is perfectly positioned for both convenience and long-term growth. 1 car detached garage with storage shed. This rare investment opportunity won’t last long – don’t miss your chance to own a piece of Floral Park Village with great income potential. Come see for yourself – this property is ready for its next owner to fall in love with all it has to offer!

Features

  • Town: Old Westbury
  • Bedrooms: 5
  • Baths: 3 full
  • Laundry: In Basement
  • Style: Colonial
  • Year Built: 1950
  • Garage: 1-car
  • Heating: Natural Gas
  • Cooling: Central Air
  • Basement: Finished, Full
  • Est. Taxes: $16,015
  • Lot Desc: Back Yard, Corner Lot
  • Elem. School: Floral Park-Bellerose School
  • Middle School: Contact Agent
  • High School: Contact Agent
  • School District: Floral Park-Bellerose
  • MLS#: 816898
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/816898/222lowellavenue_oldwestbury_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Douglas Elliman Real Estate   Phone: 631-549-4400

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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222 Lowell Avenue, Old Westbury (Floral Park), NY, 11001

$999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $799,200 $799,200 $799,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.599% 6.472% 6.032%
Monthly Tax Payment $1,335 $1,335 $1,335
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,538 $4,986 $6,690
Total Monthly Payment $5,965 $6,413 $8,117

* 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.