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Prime Mixed-Use Property in Astoria, Queens – Ideal Investment Opportunity! Welcome to 92-16 Astoria Boulevard, a fantastic mixed-use property situated in a high-traffic area of Queens. Located in an R6 zoning district with a C1-3 commercial overlay, this property offers versatile use options, making it an excellent choice for investors or owner-occupants seeking residential and commercial potential. Property Features: Building Type: Mixed-use (residential & commercial) Zoning: R6 with C1-3 commercial overlay Lot Size: 2, 128 square feet, irregular Building Size: 28 x 38 feet Commercial Space: Ground-floor retail or office space, perfect for a storefront, professional office, or local business Parking: 4 parking spots Location Highlights: Prime Astoria Boulevard Location – Excellent visibility with heavy foot and vehicle traffic Close to Transportation – Near subway stations, multiple bus lines, and major highways Proximity to Amenities – Steps away from shopping, dining, schools, and parks This versatile property is perfect for investors, business owners, and developers looking to maximize income potential in one of Queens’ most sought-after neighborhoods. Don’t miss this opportunity! Contact me today to schedule a private viewing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | $1,249 | $1,249 | $1,249 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,678 | $6,239 | $8,506 |
Total Monthly Payment | $7,052 | $7,613 | $9,880 |
* 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.