Built in 2014, this well-maintained multi-family property located in the heart of Flushing offers a prime investment opportunity. Boasting a lot size of 4705 square feet and a building size of 5151 square feet, 5 parking spaces, the property comprises 2 studios and a bath, and 5 two-bedroom, 1-bath each unit. Additionally, there are 3 parking spaces available. The property features separate boiler, gas, and electric meters, ensuring efficient utility management. Its advantageous location offers easy access to Main Street and the Long Island Railroad station (LIRR) with just a 10-minute walk, along with proximity to a park and multiple bus routes including the Q15. This property represents a great investment opportunity in a desirable neighborhood
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,998,000
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 | $2,398,400 | $2,398,400 | $2,398,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $3,478 | $3,478 | $3,478 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,618 | $14,767 | $19,917 |
Total Monthly Payment | $17,221 | $18,370 | $23,520 |
* 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.