Legal 2 family attached home in Forest Hills. With a total of 5 bedrooms and 3 baths, this property is the perfect starter home with income potential. The first unit welcomes you with a duplex apartment layout, featuring spacious living/dining room area, eat-in kitchen with egress leading to a private backyard. On the second floor: three spacious bedrooms with high ceilings and a full bathroom. The finished basement features recreational room, full bathroom, utility room and front & back entry. The second unit, on the 3rd floor, features living/dining area, two bedrooms, full bathroom and kitchen. Original hardwood floors throughout, lots of natural light and good closet space. The residence comes 2 car driveways. 2 Gas and 2 electric meters offering flexibility and easy management. Very well maintained through the years, the house now presents an exciting opportunity for renovation, allowing the new owner to infuse contemporary style and personal touches. Located right outside Forest Hills Gardens, the home is walking distance to great dining and shopping options on Metropolitan Ave and Austin Street. Convenient access to Manhattan via E/F/M/R subway lines, LIRR for a quick commute to Penn or Grand Central Station. Near major highways and airports.
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$1,249,000
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 | $999,200 | $999,200 | $999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $802 | $802 | $802 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,673 | $6,234 | $8,364 |
Total Monthly Payment | $6,600 | $7,161 | $9,291 |
* 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.