This brick, semi-detached house is the perfect opportunity for an end user looking for income, general investment, or for a 1031 exchange. Each of the two upper units are occupied by long term tenants and offer 3. 5 bedrooms and 1 bath. The garden level has a more open floor plan, currently with three rooms, including a renovated kitchen and bath, ensuring that a new owner can move in immediately while enjoying the income from the upper units. The house measures 20 X 54 on a 23 X 100 lot, offering residents of the garden level the private outdoor space that is so coveted. If you need more, Highland Park, where you can enjoy a plethora of outdoor activities, including basketball, disc golf, tennis, handball, and hiking over 72 acres, is just two blocks away.
Situated on a quiet block at the crossroads between Brooklyn and Queens, the location is a commuter’s dream. One block from buses on Jamaica Ave. Three blocks from the Jackie Robinson Parkway, with easy access to Long Island, LaGuardia, and JFK. Four blocks from the J, Z trains, just two stops from Broadway Junction with easy transfer to A, C, and L trains. Yes, this house offers the right combination of income, serenity, and connection. Please contact me for current rents and to schedule an appointment to view.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.511% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,791 | $7,461 | $10,173 |
Total Monthly Payment | $6,916 | $7,586 | $10,298 |
* 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.