18-15 Linden Street, Queens (Ridgewood), NY, 11385 | $5,300,000

Introducing a newly developed elevator building with nine units and tax abatement, strategically located on a spacious lot measuring 42 feet wide and 100 feet deep. Each floor boasts approximately 2, 093 square feet within dimensions of 42 ? 49. 6 feet. The building comprises seven two-bedroom and two one-bedroom units, each offering private outdoor space. Monthly gross income totals around $30, 000. This distinguished brick building is nestled in the highly sought-after Ridgewood neighborhood, known for its blend of comfort, style, and practicality, making it a standout in the area. With impressive features and an enviable location, this property promises attractive investment returns. Upon entry, you're greeted by spacious interiors with a welcoming ambiance. Each unit features generous living rooms, lofty ceilings, and floor-to-ceiling windows that flood the space with natural light. The interior decor includes a harmonious mix of tiles and hardwood floors, complemented by stainless steel appliances and outdoor areas that add sophistication to every room. Open-concept living areas ensure seamless flow and create a bright, airy atmosphere. Each unit also features washer/dryer hookups as well as dual zone heating of split units + baseboard heat to insure the building stays heated and cooled. Outside, residents can enjoy a serene shared backyard perfect for relaxation and gatherings, along with a communal roof deck boasting breathtaking views of the Manhattan skyline. Situated in the coveted Ridgewood neighborhood adjacent to Bushwick, the building offers easy access to Myrtle Wyckoff Ave Subway stops, providing convenient transportation to Manhattan. It's also conveniently located near the vibrant retail scene of Myrtle Ave, acclaimed dining spots such as Rolo, and a plethora of cafes and bars. With its exceptional features, prime location, and impeccable design, this building presents a compelling investment opportunity with promising returns and minimal expenses.

Features

  • Town: Queens
  • Rooms: 18
  • Bedrooms: 18
  • Baths: 9 full
  • Units: 9
  • Style: Contemporary
  • Year Built: 2018
  • Heating: Electric, Natural Gas, Baseboard
  • Cooling: Wall Unit(s)
  • Basement: Full
  • Acreage: 0.1
  • Est. Taxes: $8,000
  • Lot Desc: Near Public Transit
  • View: City
  • Elem. School: Learners And Leaders
  • Middle School: Civic Leadership Academy
  • High School: Grover Cleveland High School
  • School District: Community District 24
  • MLS#: 3564450
  • Days on Market: 145 days
  • Website: https://www.raveis.com
    /prop/3564450/1815lindenstreet_queens_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Amorelli Realty LLC   Phone: 718-662-2222

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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18-15 Linden Street, Queens (Ridgewood), NY, 11385

$5,300,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $4,240,000 $4,240,000 $4,240,000
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 $667 $667 $667
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $24,074 $26,452 $35,494
Total Monthly Payment $24,866 $27,244 $36,286

* 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.