For Sale: A rare opportunity to own a substantial piece of Douglaston, one of the most prestigious neighborhoods in Queens, New York. This expansive and uniquely proportioned 8, 320 square foot vacant lot, measuring 16 ft in width and a remarkable 520 ft in depth, presents an exceptional chance for both personal dream home builders and astute investors. Location: - Nestled in a serene and residential enclave of Douglaston, this lot offers the perfect balance of peaceful suburban living and convenient city access. - Located in one of the most sought-after zip codes in Queens, this property boasts prestige and exclusivity. - Easy and quick access to Manhattan via the Long Island Rail Road, making it ideal for commuters seeking a tranquil retreat from the hustle and bustle of the city. - A significant advantage of this property is its access to a public sewer line on Depew Avenue, ensuring essential utility connections are already in place for your convenience and reducing initial construction complexities. Lot Description: - The property spans a generous 8, 320 square feet, offering ample space for a large, single-family home. - Currently an open lot, it provides a blank canvas for realizing your architectural dreams. - Surrounded by the charming ambiance of Douglaston, the lot is situated in a neighborhood known for its tree-lined streets and beautiful homes. Building Potential: - Comes with already filed plans for constructing a spacious, single-family residential home. These plans have been thoughtfully designed to maximize both aesthetic appeal and functional living space. - The opportunity to build from scratch allows for complete customization. Tailor every detail to your taste and requirements, from the layout to the finishes. - Ideal for those who dream of creating their dream home or for a developer looking for an investment in a high-demand area. Investment Value: Douglaston is renowned for its strong real estate market, with consistent appreciation in property values. The prestige of the area and its desirability among families and professionals alike make this lot an excellent investment opportunity. This is more than just a piece of land; it's a chance to create something truly special. Whether you're looking to build your dream home or invest in a property with significant potential for appreciation, this lot in Douglaston, New York, represents an unparalleled opportunity in one of Queens' most prestigious neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $311,110 | $311,110 | $311,110 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,070 | $2,068 | $2,624 |
Total Monthly Payment | $2,145 | $2,143 | $2,699 |
* 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.