5 Center Drive, Queens (Malba), NY, 11357 | $3,995,000

Prepare to be amazed. This incredible property on a prime Malba area is truly an oasis. This magnificent 4 bedroom/4. 5 bath brick house sits on a beautifully landscaped 92 x 127 lot complete with a swimming pool and jacuzzi, and 4-car garage. You will immediately notice the quality of this exquisite home. Upon entering on the main level, you are welcomed into the beautiful foyer with a grand custom staircase and vaulted ceiling accentuated by a crystal chandelier. Oversized arched windows draw an abundance of natural light into the formal living room, which features French doors and a wood-burning fireplace. The stately dining room is ideal for elegant entertaining, with inlaid hardwood floors, chandelier, wainscoting, and crown moldings. Tucked off the dining room, the home office offers peace and quiet, plus built-in shelving and storage. A large wood burning-fireplace with a handsome carved mantelpiece is the focal point of the expansive family room. The enormous eat-in chef's kitchen offers granite countertops, ample wood cabinetry, a large island, stainless steel appliances, and a beautiful windowed breakfast nook. The kitchen opens out to the covered veranda, backyard, and pool area. The first floor also includes a handsome half-bath and a full laundry room. This home features 4 generous-sized bedrooms with great closet space on the second floor, along with 3 full bathrooms. The palatial primary suite features a wood-burning fireplace, a spa-like and sunny en suite bathroom, and a wonderful large private terrace. The super-large closet provides access to the attic, which has been converted into a massive closet space so big the Rockettes could perform inside it! The versatile basement level includes a sitting room, recreation room, wet bar, and storage space. The grounds of this property have been gracefully landscaped, including flowering cherry trees and a lush lawn. You will enjoy summer-entertaining in the backyard and pool/spa area, thoughtfully planned with a covered patio providing shade. For your security, this property also includes an alarm system and a safe room. A sprinkler system helps to keep the backyard a verdant oasis, and a central HVAC system keeps this home comfortable year-round. The location is ideal, in the heart of the highly coveted Malba section of Whitestone, with parks and boating/fishing facilities nearby. Please contact to see this magnificent property. Valid ID and proof of funds are required for showings.

Features

  • Town: Queens
  • Rooms: 14
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Style: Colonial
  • Year Built: 1930
  • Garage: 4-car Attached
  • Heating: Natural Gas, Electric, Forced Air
  • Cooling: Central Air
  • Basement: Finished, Full, Walk-Out Access
  • Approx Sq. Feet: 3,600
  • Acreage: 0.27
  • Est. Taxes: $18,912
  • Lot Desc: Sloped
  • View: Bridge(s), Open
  • Middle School: Flushing High School
  • High School: Bayside High School
  • School District: Community District 25
  • Pool: In Ground
  • Appliances: Cooktop, Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer, Wine Cooler
  • MLS#: 3541731
  • Days on Market: 217 days
  • Website: https://www.raveis.com
    /eprop/3541731/5centerdrive_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 Compass Greater NY LLC   Phone: 212-913-9058

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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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5 Center Drive, Queens (Malba), NY, 11357

$3,995,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,196,000 $3,196,000 $3,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment $1,576 $1,576 $1,576
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $18,398 $20,201 $26,970
Total Monthly Payment $20,099 $21,902 $28,671

* 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.