This mixed-use property holds immense potential for a variety of purposes, including residential living, commercial ventures, and investment/development opportunities. The unique combination of residential and commercial elements, coupled with the extensive lot size and desirable M1-1 zoning, opens the door to creative development and innovative usage scenarios. Situated on an expansive 10, 000 sq ft lot, this property is comprised of a 2-family home with 2, 700 Interior Square Footage a commercial-grade garage, and an office space. The 2-family residence includes a 3-bedroom apartment over a 2-bedroom apartment. Located in close proximity to Grand Avenue and the Long Island Expressway, this property offers convenience and accessibility and is an attractive prospect for a wide range of users, developers, and investors looking to capitalize on the thriving Maspeth area with its strategic location, diverse structures, and ample space, this property is poised to captivate users, developers, and investors alike. Don't miss the chance to secure a unique and versatile property in this sought-after Maspeth location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,471 | $1,471 | $1,471 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,991 | $12,972 | $17,422 |
Total Monthly Payment | $13,587 | $14,568 | $19,018 |
* 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.