Remarkable investment opportunity in the heart of Bayside! Just two blocks from the Long Island Rail Road, this stunning, brand-new three-family residence is perfectly positioned near stores, delightful restaurants, and the vibrant allure of Manhattan. A legal 3 family building with 5 floors, with a total interior space of 3383 sq ft and an expansive 950 sq ft cellar for ample storage and versatility, this property offers exceptional living accommodations. Unit #1 - The first floor features a spacious 1-bedroom duplex with 1. 5 baths spanning 1, 900 sqft (950 sq ft plus 950 cellar) and a large backyard. Unit #2 On the second floor, a 1, 028 sq ft unit with 3 bedrooms provides ample space for comfortable living with two balconies. Unit #3 The crowning jewel is the third-floor duplex, offering 1405 sqft of living space with high cathedral ceilings and 3 bedrooms, and an extra-large lofty with two balconies and a private terrace. (1, 028 Third Floor +377 sq ft 4th fl Loft) This property offers great returns with proposed high rents and boasts stunning curb appeal, ensuring maximum investment value. With 12-inch thick walls, extra insulation, and double-pane windows, it provides exceptional energy efficiency and a serene living environment. Imagine the endless possibilities and steady stream of rental income from such a prime investment. Don't miss this unique opportunity to own a piece of Bayside's finest real estate, where luxury meets convenience and potential meets reality. Secure your future today with this unparalleled investment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,538,000
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 | $2,030,400 | $2,030,400 | $2,030,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,528 | $12,502 | $16,861 |
Total Monthly Payment | $11,653 | $12,627 | $16,986 |
* 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.