Incredible Opportunity - Solid Two-Family Home on Oversized Lot with Expansion Potential! This is your chance to own a rare gem: a legal two-family brick home on a massive 55x100 lot, offering the unique potential for property expansion or new construction with additional buildable FAR. Please consult with your engineer. Whether you're looking to extend the current home or explore new development options, this property has endless possibilities. With ample off-street parking, a private driveway, and a huge 5+ car garage, this home is perfect for car enthusiasts or anyone needing abundant space and storage. The second-floor unit features a spacious layout with a combined living and dining area, a functional kitchen, a full bath, two generously sized bedrooms, and a bonus room that's perfect for a home office or guest space. The first-floor unit offers a similar layout with an updated kitchen, an updated full bath, and two bedrooms, giving you move-in ready convenience. The semi-finished basement adds even more potential with a large family or storage room, a half bath, laundry, and utility rooms, plus separate entrances from both the front and back of the house-great for extended living options or added privacy. Additional highlights include updated electrical systems, gas heating, and separate hot water heaters for each apartment. The entire home is in fantastic, move-in ready condition. Located in a prime area close to shopping, restaurants, and transportation, this home is just 3 blocks from the A train, 6 blocks from the J & Z trains, and minutes from JFK by car. Multiple bus routes (Q8, Q11, Q21, Q41, Q7, Q24, and Q112) are also nearby, offering convenience and connectivity. customers should verify all information independently during showing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,280,000
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 | $1,024,000 | $1,024,000 | $1,024,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.902% | 6.360% | 6.056% |
Monthly Tax Payment | $673 | $673 | $673 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,814 | $6,305 | $8,572 |
Total Monthly Payment | $6,611 | $7,102 | $9,369 |
* 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.