360 Beach 59th Street, Queens (Arverne), NY, 11692 | $110,000

Beautiful houseboat (1968 Gibson Riverboat) that is perfect for your summer beach pad as well as an investment for a very profitable Airbnb rental. The James Franco is located at one of the most sought after slips in New York City at Marina 59. The Marina is open all year round with a few year-round residents. There is currently a wait list for the slip but you can continue to rent the slip once you make the purchase. With low cost slip fee, there is nothing else that you have pay since all utilities are included. Although the boat doesn't moved, it can be towed to other local Marina. The boat has some age but the hull is in good shape and it's dry down below. This boat has a full bathroom and just about everything you could possibly want. Walk into full kitchen, cozy living room, separate sitting room with a corner for your office. Walk upstairs to your bedroom that is connect to a huge deck that is perfect for entertaining or to simply soak up the view and gorgeous sunsets. Brand new pellet stove has been added to keep you warm and toasty throughout the winter. You are centrally located in Rockaway beach being two blocks from the train, close to surf breaks, shops and restaurants while having the bay as your backyard for boating and fishing. Perfect opportunity to make this unique houseboat yours.

Features

  • Town: Queens
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full
  • Style: Houseboat
  • Year Built: 1968
  • Heating: Wood, Other
  • Cooling: Window Unit(s)
  • Basement: None
  • Est. Taxes: $0
  • Lot Desc: Near Public Transit
  • View: Water
  • Water Front: Yes
  • Middle School: Ps/Ms 42 R Vernam
  • High School: Channel View School For Research
  • School District: Community District 27
  • Appliances: Cooktop, Oven, Refrigerator
  • MLS#: 3462660
  • Days on Market: 627 days
  • Website: https://www.raveis.com
    /prop/3462660/360beach59thstreet_queens_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 RE/MAX Elite   Phone: 718-500-3077

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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360 Beach 59th Street, Queens (Arverne), NY, 11692

$110,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $88,000 $88,000 $88,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $585 $585 $755
Total Monthly Payment $660 $660 $830

* 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.