Belle Harbor - Legal 3 family on an OVERSIZED 80 X 100 lot. A Rare opportunity to create a family beach compound with expansive room to host friends and family, only a block away from one of the best beaches on the East Coast. Whether you use the home as a huge owner occupied residence, rent units or design an apartment for family to use when they visit, this Rockaway Classic offers 3000 square feet of living space. An additional 1000 square feet can be added, as of right. Beautiful original detailed molding, doors and stained glass windows offer the ability to marry classic, turn of the century style, with modern amenities. Generous room sizes present plenty of potential. The Kitchen has both a butler's pantry and food pantry. Gas fireplace line in the dining room. Large office. Wrap around front porch. Back deck leads to a huge side and back yard. Amazing potential for an In-ground Pool, Cabana and game area. Parking for 8 - 10 cars. New 2 car garage. Full basement with 7 foot ceilings and half bath. Walking distance to the Beach 129th shopping corridor. Architectural plans have been drawn to renovate the home into a 7 bedroom, 3 full bath and 1 half bath single family home. Plans will be included in the sale. Call for details and private walkthrough.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,249,000
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 | $999,200 | $999,200 | $999,200 |
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 | $999 | $999 | $999 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,673 | $6,234 | $8,364 |
Total Monthly Payment | $6,797 | $7,358 | $9,488 |
* 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.