Discover this exceptional legal two-family home nestled in the sought-after neighborhood of Rego Park. Boasting a prime location, this residence is perfectly suited for both primary living and investment purposes. This well-maintained property features a versatile layout: The first floor offers a spacious 1-bedroom, 2-full bathroom layout complete with a living room and kitchen. The second and third floors encompass a comfortable 3-bedroom, 1-bathroom, also featuring a dining kitchen. Additionally, a fully finished basement provides ample additional space. Utility features include two boilers with separate heating zones, three individual electricity meters, and two gas meters, all in excellent condition. Conveniently located just minutes away from R and M train stations, commuting is made effortless. The neighborhood is rich with amenities such as restaurants, supermarkets, cafes, delis, Costco, and shopping! This property stands as an excellent opportunity for those seeking a spacious home and investment. Take advantage of this rare chance to own a versatile property in a highly desirable area!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,280,000
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 | $1,024,000 | $1,024,000 | $1,024,000 |
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 | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $589 | $589 | $589 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,734 | $6,222 | $8,435 |
Total Monthly Payment | $6,448 | $6,936 | $9,149 |
* 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.