668-670 W Broadway, #10, Hempstead (Long Beach), NY, 11561 | $17,999,999

Attention All Investors and Builders - Rare Opportunity Awaits!! Two (2) Oceanfront Multi-Family Attached Townhouses Are Now Available. Stunning Ocean Views of Beach and Boardwalk. Needing Further Renovations to Maintain Multi-Family Status For Optimum Rent Roll. Also Ideal For Conversion to Single Family Contemporary Oceanfront Beach House. Great Opportunity To Live on The Beach!! Prime Oceanfront Development Opportunity! Attention all Developers and Builders! For the first time ever, an extraordinary 27, 000 Sq Ft direct oceanfront property (180 ft frontage by 150 ft depth) is available on the boardwalk. Currently, the property hosts 7 multi-family townhouses, encompassing a total of 26 legally distinct apartment units. This rare and valuable parcel is being offered as a complete package by all three owners for the first time ever, making it an unparalleled investment opportunity. As the last available property of its kind on the boardwalk, the potential for significant development cannot be overstated. Don't miss your chance to acquire a unique slice of oceanfront real estate with the opportunity to build your oceanfront dream luxury project. ***All 7 townhouses are now available for sale including, 658, 660, 662, 664, 666, 668, 670 West Broadway.

Features

  • Town: Hempstead
  • Units: 26
  • Style: Townhouse
  • Year Built: 1953
  • Heating: Natural Gas, Baseboard, Hot Water, See Remarks
  • Cooling: None
  • Basement: None
  • Acreage: 0.62
  • Est. Taxes: $0
  • Lot Desc: Level, Near Public Transit
  • View: Open, Panoramic, Other, Water
  • Water Front: Yes
  • Elem. School: Lindell Boulevard School
  • Middle School: Long Beach Middle School
  • High School: Long Beach High School
  • School District: Long Beach
  • MLS#: 3509114
  • Days on Market: 400 days
  • Website: https://www.raveis.com
    /eprop/3509114/668670wbroadway_hempstead_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 Beach West   Phone: 516-889-7500

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

668-670 W Broadway, #10, Hempstead (Long Beach), NY, 11561

$17,999,999

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $14,399,999 $14,399,999 $14,399,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $80,636 $88,663 $119,579
Total Monthly Payment $80,761 $88,788 $119,704

* 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.