Premiere Unbuilt Luxury Property: 65 Tennis Place, Forest Hills, Queens Discover an unparalleled opportunity to create your dream residence on one of Forest Hills Gardens' most coveted streets-65 Tennis Place. This prestigious address is poised to offer the ultimate in refined living, surrounded by the historic charm and tranquility that define The Gardens. Set against a backdrop of lush, tree-lined streets, this unbuilt property offers a blank canvas for a custom luxury home tailored to your every desire. With ample space and a 160x170 lot size, envision a serene living with bespoke architectural elements that blend seamlessly with the neighborhood's classic aesthetic. All the hard work is done with approved plans by the community board & designed by a renowned architectural firm. Imagine a residence with expansive living areas, a gourmet kitchen designed for culinary excellence, sumptuous 3 bedrooms, 3 en suite bathrooms, 1 half bathroom, a wine cellar, a spa sauna, and an entertainment room that includes a bar and ample-sized movie theater. The property's potential includes sprawling outdoor spaces perfect for alfresco entertaining, a serene garden greenhouse, and an indoor pool and basketball court-all within a neighborhood that exudes tranquility. The location of 65 Tennis Place is second to none, situated within walking distance of Forest Hills' vibrant array of shops, dining, and cultural attractions. Steps away from the renowned historic Forest Hills Tennis Club and Station Square, all while benefiting from a community known for its exceptional schools and welcoming atmosphere. Less than 20 minutes from Manhattan by LIRR & subway. This is not just a property; it's a canvas for your vision, a promise of luxury and elegance in one of Queens' most desirable hamlets. Seize the chance to build a residence that reflects your unique style and sophistication on this premier street.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,999,000
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 | $3,999,200 | $3,999,200 | $3,999,200 |
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 | $415 | $415 | $415 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,022 | $25,278 | $33,748 |
Total Monthly Payment | $23,562 | $25,818 | $34,288 |
* 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.