This 3,125 sq. ft. Lot is in a prime location with 2 sets of plans already approved. One set is perfect for developing a 3-story commercial building. The design includes retail/office space on the first floor and basement and additional office space on the second and third floors. The second set of approved plans is for a 4-story mixed-use building with offices on the first floor and basement, plus 6 apartments of one bedroom each (2 apartments per floor). Situated near the 7 train line, with easy access to the Grand Central Parkway, and just minutes from Citi Field, Flushing Meadows, and the Billie Jean King National Tennis Center, this property offers unmatched convenience and visibility. The seller has also applied for a 15-25-year tax abatement, making this an exceptional investment opportunity.
108-35 Roosevelt Avenue, New York, (Corona), NY, 11368
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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