Discover a unique opportunity with this 2-family residence, featuring 2 identical units, each with 1 generous master bedrooms, a second bedroom, and renovated bathrooms in 12/2019. Both units boast a spacious living area and a formal dining area, perfect for family meals and gatherings. Recent replacements include a gas furnace in 02/2022, and a boiler in 03/2021. Additionally, the property offers a patio, access to the backyard from both floors, and a 2-car parking space rear. Located on a quiet block with easy access to the Belt Parkway, this home is ideally positioned for those seeking a blend of comfort and convenience. Nestled between Shirley Chisholm and Canarsie park, and featuring a bike route down the Belt Parkway. Close to pharmacy, a 7-Eleven, and ample shopping options including Rockaway Parkway, Kings Plaza, and Gateway Mall. Access to public transportation options, including bus routes and the subway, facilitating seamless travel throughout the city. This property presents an excellent chance for a starter home or an investment. With its solid frame and some love, it's ready for its next owner to unlock its full potential, whether to occupy one unit and rent the other or to utilize both for rental income. Embrace the possibilities and envision transforming this property into your next successful venture or a comfortable abode. This property is sold AS-IS, inviting a visionary owner to bring their personal touch to this promising residence.
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$550,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $531 | $531 | $531 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,711 |
Total Monthly Payment | $3,550 | $3,547 | $4,334 |
* 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.