78 Violet Avenue, Old Westbury (Floral Park), NY, 11001 | $1,498,000

Exceptional 3 Family Investment Opportunity in Prime Floral Park Village. . . A/K/A 145 Carnation Avenue Location. . . Location. . . Location! Situated in the Heart of Desirable Floral Park Village, this Unique Three-Family Property is Just Minutes from the LIRR, Top Rated Schools, Charming Cafes & Restaurants. . . And More. . . A Rare Gem Perfect For Savvy Investors or Owner-Occupants Seeking Rental Income with Long Term Upside. Property Highlights: Main House (Owner's Unit) * 3 Bedrooms/2. 5 Baths * Spacious Living Room with Wood-Burning Fireplace * Home Office- Ideal for Working Remotely * High Ceilings, Hardwood Floors Throughout, Lots of Windows Bringing in Abundant Natural Light * Formal Dining Area with Sliders to a Private Deck & Garden Perfect for Outdoor Dining & Entertaining * Kitchen + Pantry *Finished Basement: Family Room, Laundry Room, Utility Room, Lots of Storage Space+ Outside Entrance * Walk-Up Attic- Perfect For Art Studio or Working Out Second House: Two Income Producing Apartments: Unit 1: 1st Floor: * 2 Bedrooms/ 1 Bath * Eat in Kitchen with Dishwasher * Cozy Living Room with Wood-Burning Fireplace * Washer/Dryer in Unit Unit 2: 2nd Floor: *1 Bedroom/ 1Bath * Eat In Kitchen * Finished Walk Up Attic Perfect for Office or Art Studio *Washer/Dryer in Unit Additional Features: * Detached 2 Car Garage + Private Driveway for 4 Vehicles * Spacious Backyard- Ideal for Outdoor Entertaining and Creating Your Own Farm To Table Vegetable Garden * Separate Entrances & Private Outdoor Space for Each House Investor Advantage: Live in 1 Unit and Generate Strong Rental Income from the other Two-or Lease All 3 Units for Maximum Cash Flow. A Versatile Layout with Owner-Occupancy Options, Ideal for Long Term Investment Growth in a Thriving Community. This is a One-of-a-Kind Opportunity You Don't Want to Miss. . . The Next Move Is Yours. . .

Features

  • Town: Old Westbury
  • Bedrooms: 6
  • Baths: 5 full
  • Laundry: In Unit
  • Style: Colonial
  • Year Built: 1925
  • Garage: 2-car
  • Cooling: None
  • Basement: Finished, Storage Space
  • Acreage: 0.19
  • Est. Taxes: $24,525
  • Elem. School: John Lewis Childs School
  • Middle School: Contact Agent
  • High School: Contact Agent
  • School District: Floral Park-Bellerose
  • MLS#: 845724
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /eprop/845724/78violetavenue_oldwestbury_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Douglas Elliman Real Estate   Phone: 718-631-8900

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

78 Violet Avenue, Old Westbury (Floral Park), NY, 11001

$1,498,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $1,198,400 $1,198,400 $1,198,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.625% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.712% 6.764% 6.435%
Monthly Tax Payment $2,044 $2,044 $2,044
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,994 $7,673 $10,275
Total Monthly Payment $9,163 $9,842 $12,444

* 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.