57-25 Van Horn Street, Queens (Elmhurst), NY, 11373 | $4,000,000

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

Features

  • Town: Queens
  • Property Type: Mixed Use
  • Heating: Electric
  • Zoning: R6
  • Year Built: 1980
  • Est. Taxes: $138,118
  • MLS#: 3575513
  • Days on Market: 83 days
  • Website: https://www.raveis.com
    /prop/3575513/5725vanhornstreet_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 Realty Connect USA LLC   Phone: 516-714-3606

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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

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57-25 Van Horn Street, Queens (Elmhurst), NY, 11373

$4,000,000

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 $3,200,000 $3,200,000 $3,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment $11,510 $11,510 $11,510
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,919 $19,444 $26,359
Total Monthly Payment $29,554 $31,079 $37,994

* 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.