This beautifully renovated Victorian home, located in the exclusive gated community of Seagate on Atlantic Avenue, offers over 5100 square feet of living space and stunning ocean views. Boasting a spacious 90 x 100 lot, this property is perfect for a family seeking ample space near the beach or for those interested in four individual condo-like apartments. Currently configured as a four family residence with a newly issued Certificate of Occupancy, the first floor features two separate apartments, (1R) and (1L), with two and three bedrooms respectively. Each apartment includes one or two bathrooms and ranges from 1004 to 1127 square feet. The second and third floors can be combined to create a duplex apartment with a separate entrance and almost 3500 square feet of living space. The second floor offers a floor-through apartment with four bedrooms, two bathrooms, a spacious living room, kitchen/dining area, W/D laundry room, and 10'-12' ceilings. Similarly, the third floor features a floor-through apartment with three bedrooms and two bathrooms. All apartments have their own heating and cooling systems, with a total of 12 heating zones and 10 cooling zones. High-end renovations include radiant heated porcelain tile flooring, foam insulation, energy efficient heating and cooling systems, new windows, electric, plumbing, and a sprinkler system. The property also features a basement the size of the entire building, as well as a large private driveway offering parking for multiple cars. Whether as an investment opportunity or for a family seeking luxurious amenities, this property offers the perfect combination of space and convenience in a private, gated community by the beach. Commuting to Midtown Manhattan is effortless, with the X28/X38 express buses available from Neptune Avenue, and nearby subway stops offering D, F, Q, and N trains. With taxes amounting to $33, 496 and Seagate Association dues of $32, 000 annually, this home presents an incredible opportunity to embrace luxury living in a highly sought-after community. Don't miss the chance to make this stunning Seagate residence your own!
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William Raveis Real Estate
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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 | $1,358,400 | $1,358,400 | $1,358,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,713 | $8,475 | $11,371 |
Total Monthly Payment | $7,838 | $8,600 | $11,496 |
* 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.