In the vibrant and accessible South Ozone Park neighborhood, welcome home to this stunning 2 family property, 117-21 134th Street presents an unparalleled opportunity for those seeking additional space/rental income or investors focused on creating generational wealth. Constructed in 2007, this robust All Brick building boasts a spacious lot measuring 30x104 feet, featuring a one-car attached garage and an additional parking space. The property features two beautiful bright units, each offering expansive living and dining areas, eat-in kitchens, and three well-appointed bedrooms. Highlighting the units are the expansive primary bedrooms, each complemented by an ensuite bathroom, enhancing the privacy and functionality of the space. The large guest bathrooms on each floor add to the comfort and convenience. The interior is designed with openness and light in mind, fostering a welcoming atmosphere that tenants or families will value. A standout feature of this property is its exceptional basement. With high 9- foot ceilings and tall windows, the basement space is unusually bright and airy for New York standards, providing multiple entrances and offering flexible use scenarios that could include additional living areas, recreational spaces, or storage. This location is particularly noteworthy. South Ozone Park is a community known for its convenience and quality of life, with easy access to local amenities, parks, restaurants, transportation and educational institutions additionally JFK is about 5 mins away. This property not only promises comfortable living configurations and impressive space but also stands as a wise investment in a steadily appreciating area. Its solid construction and thoughtful layout are designed to attract and retain high-quality tenants, making it an ideal choice for those looking to invest in real estate with a view towards long-term capital growth and consistent rental income. For investors and families alike, this massive property offers a blend of luxury, space, and strategic location, making it a rare find. Whether you're looking to expand your portfolio or find a multifaceted home with income potential, this property meets all criteria for a sound and profitable investment.
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William Raveis Real Estate
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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 | $959,200 | $959,200 | $959,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $674 | $674 | $674 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,522 | $6,063 | $8,094 |
Total Monthly Payment | $6,321 | $6,862 | $8,893 |
* 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.