57-25 Van Horn Street (the Property) is fully-occupied, and the tenants are responsible for 100% of their utilities. The Property has separately metered units and a PTECH unit in every apartment making it easy to manage, with minimal expenses. The residential units are currently leased at below market rents allowing for added value to a potential investor. The Property is conveniently located two blocks from Queens Boulevard providing easy access to the Long Island Expressway and Grand Central Parkway. Furthermore, the Property is just a short walk to the subway station at Woodhaven Blvd, providing access to the E, F, M & R subway lines. The building's central location allows residents to chose from a variety of commuting options creating convenient travel to major Queen's attractions, such as the Flushing Meadow Park, Citi Field & USTA Tennis Center. Additionally, the Queens Center Mall and Queens Place Mall are located within a 0. 4 mile walk away
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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 | $3,200,000 | $3,200,000 | $3,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $11,510 | $11,510 | $11,510 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,919 | $19,703 | $26,573 |
Total Monthly Payment | $29,554 | $31,338 | $38,208 |
* 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.