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Nestled on a picturesque tree-lined block in Ditmars, this rare Brick mixed-use property offers endless possibilities. Set on a 20x100 lot with a fenced front yard and a private two-car driveway, the home is bathed in natural light from its eastern and western exposures. The second floor features a spacious 2-bedroom apartment with an open kitchen, while the first floor is a fully built-out medical office, complete with a large reception area, two examination rooms, a doctor’s office with a private balcony, kitchen cabinetry, and a bathroom. The renovated garden level serves as a versatile bonus space for recreational use. Each unit, including the garden level, is equipped with brand-new high-efficiency mini-split systems. This property can be delivered fully vacant, offering a seamless opportunity for investors, business owners, or end users to customize the space to their needs. Situated in the heart of Astoria, this vibrant neighborhood is known for its strong rental market, thriving local businesses, and excellent transportation options. With ongoing development and rising property values, this is a prime opportunity to own a versatile property in one of NYC’s most dynamic communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,288,000
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 | $1,030,400 | $1,030,400 | $1,030,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $749 | $749 | $749 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,851 | $6,598 | $8,765 |
Total Monthly Payment | $6,725 | $7,472 | $9,639 |
* 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.