This is an approved development site for a six-story residential/community facility building. Lot Size: 50'x186' Zoning: R6. The approved plans include approximately 40,436 square feet of gross floor area (including the basement). The six-story building’s zoned floor area equates to 27,849.95 square feet. The residential component includes 30 apartment units, with community facility space located in the basement and a portion of the first floor. Additionally, there will be 15 parking spaces in the basement. Prime location just steps away from Main Street/Downtown Flushing, the surrounding area has become home to new luxury condos. Walking distance to the 7 subway and LIRR.
144-14 38th Avenue, New York, (Flushing), NY
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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