Welcome to your future investment opportunity in the heart of Elmont, where prosperity meets comfort! Nestled in this burgeoning neighborhood, mere moments away from the $1 Billion project UBS Arena and the monumental $500 million project of Belmont Park Village along side another astonishing $500 Million Racetrack with new renovations employing Thousands of Employees every year. Super High demand for accommodation and rental. this two-family duplex stands as a beacon of modern living and lucrative potential. As you step into this remarkable residence, prepare to be enamored by its myriad features and amenities. Boasting a tankless water heater, the epitome of efficiency and convenience, alongside soaring cathedral ceilings that elevate the sense of space and grandeur, this home offers a lifestyle of unparalleled luxury. One of the most impressive facets of this property is its expansive basement, accessible via an outside entrance. Fully finished and boasting two additional bedrooms and a bathroom, this cavernous space presents boundless opportunities for additional income through Airbnb or short-term stays, capitalizing on its proximity to the UBS Arena. With a total of seven bedrooms and four bathrooms spread across both units, this duplex caters effortlessly to the needs of modern families or savvy investors seeking to maximize rental income. Immaculately maintained and in excellent condition, this property stands as a testament to both quality craftsmanship and enduring investment value. Equipped with solar panels to harness the power of sustainable energy, newly installed radiators throughout the house ensure cozy comfort during the colder months, 3 Heat Zone Box - adjustable thermostat for each floor. Outside, a new fence, complete with two gates, provides security and privacy, while vast concrete paving encircles the property, offering ample parking for up to eight cars-a rare and invaluable asset in this bustling neighborhood. Finally, the inclusion of skylights throughout the house ensures that natural light floods every corner, illuminating the elegant interiors and creating an ambiance of warmth and vitality. Don't miss out on this unparalleled opportunity to own a piece of Elmont's burgeoning landscape-an investment in both luxury living and lucrative potential. Seize the moment and make this exceptional property yours today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,149,999
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 | $919,999 | $919,999 | $919,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,313 | $1,313 | $1,313 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,152 | $5,590 | $7,578 |
Total Monthly Payment | $6,590 | $7,028 | $9,016 |
* 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.