60-68 80th Avenue, Queens (Ridgewood), NY, 11385 | $1,100,000

**BRING YOUR BUYERS!** *2ND FLOOR PICS ARE WHEN THE PROPERTY WAS VACANT* RIDGEWOOD GLENDALE BORDER/ LIBERTY PARK AREA. BEING DELIVERED WITH OCCUPIED WITH QUALIFIED RENTERS THAT PAY ON TIME! Attention Investors! Opportunities like this don't come knocking often, but when they do, it's time to take notice. Conveniently situated in a renters' haven, this legal Two-Family home, Well Loved. Boasting a Spacious 3-bedroom Apartment on the 2nd Floor and a Large 2-Bedroom on the First floor! But it's not just about the living spaces - it's about Location, Location, Location. Just a 14 minute walk to the Halsey L-Line and a 15-18 minute stroll from the Fresh Pond M-Line Subway, residents enjoy unparalleled access to the city. Buses: B13, B20, Q39, Q55. With an abundance of amenities right on their doorstep - from eclectic eateries to trendy bars - every convenience is within reach. . . EVEN BUSHWICK IS ONLY A 4 MINUTE BIKE RIDE AWAY! What sets this Opportunity apart for investors? Let's talk numbers. With an excellent rent roll potential and a neighborhood teeming with demand, the revenue streams are ripe for the picking. Plus, with commuting made seamless thanks to multiple transportation options, including bus routes and subway lines, attracting tenants has never been easier. Low taxes $5, 677. 44. FULL FINISHED Basement with Full Bath. And with the promise of future legalization for accessory dwellings, courtesy of HPD, the value only continues to grow. In a world where home office space is now a necessity, these large units offer versatility, making them all the more desirable in today's market. So, seize the opportunity to own a slice of Ridgewood, where the demand for quality rental properties continues to soar. Don't let this golden investment slip through your fingers. Act now and reap the rewards of prime real estate in one of Queens' most sought-after neighborhoods. Number 4 in the world according to recent headlines! Important Details: Built in 1910. Building: 22X42. LOT: 22. 97X100. 04. R3A Zoning. Frame/Stucco. All information deemed reliable but not guaranteed. Buyers are expected to perform their own due diligence.

Features

  • Town: Queens
  • Rooms: 12
  • Bedrooms: 5
  • Baths: 3 full
  • Units: 2
  • Style: Colonial
  • Year Built: 1910
  • Heating: Natural Gas, Hot Water, Steam
  • Cooling: None, Window Unit(s)
  • Basement: Bilco Door(s), Finished, Full
  • Acreage: 0.05
  • Est. Taxes: $5,677
  • Elem. School: Ps 68 Cambridge
  • Middle School: Is 77
  • High School: Grover Cleveland High School
  • School District: Community District 24
  • MLS#: 3558061
  • Days on Market: 105 days
  • Website: https://www.raveis.com
    /prop/3558061/606880thavenue_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 BLT Minimax Realty Inc   Phone: 718-609-0800

William Raveis Family of Services

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

60-68 80th Avenue, Queens (Ridgewood), NY, 11385

$1,100,000

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 $880,000 $880,000 $880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.125% 6.000% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.951% 6.108% 5.805%
Monthly Tax Payment $473 $473 $473
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $4,791 $5,276 $7,249
Total Monthly Payment $5,389 $5,874 $7,847

* 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.