Exceptional Investment Opportunity in Prime Long Island City Location! This package deal includes two adjacent properties with a combined frontage of 146.5 ft and zoning of M1- / R6A, LIC
30-18 37th Ave is a corner property on a 23.25' x 99.75' lot featuring 4 commercial units: a mechanic shop, two auto repair shops, and a second-floor office.
30-16 37th Ave is a 2-story, 2-family home on a 22.5' x 104.87' lot. The property requires a full renovation and will be delivered vacant on title.
Ideal for investors or developers seeking strong income potential or future redevelopment in rapidly growing LIC.
INCOME AND EXPENSE INFO WILL BE GIVEN UPON REQUEST
3016- 3018 37th Avenue, New York, (Long Island City), NY, 11101
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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