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A Rare Gem with Endless Possibilities! Nestled in one of Queens’ most desirable neighborhoods, this legal two-family Colonial-style home offers the perfect blend of space, functionality, and outdoor luxury. Sitting on an oversized lot, this property is a true standout with incredible outdoor space and parking—a rare find in Ozone Park! Boasting 1, 920 sq ft of living space, this home is ideal for homeowners, investors, or multi-generational living. The first floor features a welcoming foyer, a spacious formal living room, an open-concept kitchen, two bedrooms, and a full bath. The second floor offers a similar layout with a formal living room, open kitchen, two bedrooms, a full bath, and its own private side entrance, perfect for extended family or rental income. The fully finished walk-out basement with its own entrance is a true bonus—featuring high ceilings, a large recreation area, one (possibly two) bedrooms, a full bath, and a utility room. It's ideal for hosting guests or creating a home office, gym, or additional living space. Step outside and fall in love with the tremendous backyard—perfect for entertaining, gardening, or creating your own private retreat. The space includes a children’s play area with a swing set, a storage shed, and an outdoor storage closet—plenty of room to customize to your needs. Car lovers and commuters will appreciate the private driveway that accommodates 5+ vehicles—a huge asset in NYC! Additional features include: Abundant natural light from oversized windows and a skylight, Recently resurfaced 4-year-old roof, 2 gas meters and 3 electric meters. Conveniently located near the A train (80th St/Liberty Ave), bus lines (Pitkin Ave/81st St), schools, houses of worship, and shopping. Tucked away in a quiet, friendly neighborhood, this home is packed with charm and potential. Whether you're looking for a smart investment or a place to call home, 107-16 81st Street is an opportunity you don't want to miss. Schedule your private tour today and explore all the possibilities this exceptional property has to offer!
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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 | $748,000 | $748,000 | $748,000 |
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% | 6.739% | 6.309% |
Monthly Tax Payment | $475 | $475 | $475 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,247 | $4,790 | $6,363 |
Total Monthly Payment | $4,814 | $5,357 | $6,930 |
* 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.