Discover an exceptional investment opportunity at 1359 Pinson St, a distinguished NEW CONSTRUCTION three-family home located in the heart of Far Rockaway, NY. This well-maintained property boasts a spacious layout with distinct units designed for comfort and convenience. The first floor features a charming residence with two generous bedrooms, providing an ideal space for cozy living. Ascend to the second floor, where a welcoming three-bedroom unit awaits, offering ample room for family gatherings and relaxation. The third floor continues the theme of spaciousness with another inviting three-bedroom layout, ensuring plenty of room for personal retreats. Each unit is thoughtfully designed with practical amenities, including kitchens and bathrooms, enhancing the appeal for both residents and investors alike. The property includes additional benefits such as a private backyard, perfect for outdoor activities and leisure. Conveniently situated in a vibrant neighborhood, 1359 Pinson St offers easy access to local amenities, schools, and transportation options, making it an ideal choice for savvy investors seeking a promising rental income opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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 | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | $91 | $91 | $91 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,861 | $4,187 | $5,647 |
Total Monthly Payment | $4,044 | $4,370 | $5,830 |
* 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.