This is a rare opportunity to buy a large, fully detached single-family home with commercial (C1-2) overlay in one of the most highly sought-after neighborhoods: Utopia, Queens. C1-2 zoning allows the buyer to use the property as a mixed-use (residential-commercial) or commercial space with proper permits (consult with an architect for details). Perfect for end users to establish a home or business owners, non-profits, investors and developers looking for an ROI project in a prime location. This one-of-a-kind, two-story house sits on a 4, 579 sq ft corner lot, features a 25 ft x 32 ft building size, and offers approximately 1, 600 sq ft of living space (not including basement). Second floor features three bedrooms with a junior room off the master (ideal for office or walk-in closet), full bathroom, and large windows. First floor features spacious living room with eastern exposure and fireplace, formal dining room, upgraded eat-in kitchen with granite countertops, inside access to basement, and outside access to the front, side, and rear of the house. Basement is finished with built-ins, full bath, large windows, Summer kitchen, house utilities, and separate outside entry. Outdoor features include private driveway, detached single-car garage, manicured lawn, rock gardens, charming curb appeal, and private backyard with custom-built brick barbecue. Location is prime, near St. John's University (4 blocks away), Utopia Playground (2 avenues away), and Cunningham Park (12 blocks away). Zoned for top-rated PS 173 elementary, JHS 216, and City-wide high school choice. Easy access to Manhattan via QM1/31, QM5/35, QM6/36 express buses (4 blocks away) and via local bus routes to subway. Stores, shopping, restaurants, worship, and entertainment along Union Turnpike. Also near JFK Airport (20 min drive), and LGA Airport (20 min drive). Everything you can ask for, conveniently located. Must be seen in person! Offered as-is.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,999
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 | $1,039,999 | $1,039,999 | $1,039,999 |
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 | $924 | $924 | $924 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,824 | $6,319 | $8,567 |
Total Monthly Payment | $6,873 | $7,368 | $9,616 |
* 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.