Prime location, corner mixed-use building with C4-3 zoning. Can be kept as standalone investment property or purchased in conjunction with 31-12 23rd Avenue development site allowing a total buildable of 23, 450SF mixed use, 6 story building (confirm with your architect). Property currently consists of two ground retail stores, one rear office and two (3) bedroom apartments. The half block distance to the N/W train line offers convenient and easy access to this charming outer borough neighborhood that continues growing in appeal. Nearby single family homes along with new and tastefully constructed multi-family dwellings creates heavy foot traffic. Astoria Park some short blocks away offers out-of-town visitors and locals alike a destination for year-round outdoor activities, music concerts, and sweeping views of Manhattan.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,295,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $1,836,000 | $1,836,000 | $1,836,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $1,799 | $1,799 | $1,799 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,156 | $12,061 | $15,994 |
Total Monthly Payment | $13,079 | $13,984 | $17,917 |
* 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.