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4 family attached brick building in prime location of Corona, Queens. Built in 2002 with a 25 year tax abatement. Building size is 42 x 24. 5, lot size is 42. 4 x 31. 93, and zoning is R6B. 1st floor features two apartments, first one is a 1 bedroom, 1 bath unit with high ceilings, the second one is a studio apartment with one full bath, high ceilings. 2nd floor features 2 bedrooms, 1 bath, high ceilings. 3rd floor features 1 bedroom, 1 bath, high ceilings, and private roof deck. Basement features large recreation/storage room, high ceilings, and house utilities. All units are in good conditions and have their own boiler, gas meter, and electric meter. Tenants pay their own heat and electric. Property is occupied with good standing tenants who pay on time every month. Close proximity to multiple bus lines facilitates easy commuting, while nearby supermarkets and schools make daily life convenient. Whether for residence or investment, this property presents great potential and practicality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$990,000
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 | $792,000 | $792,000 | $792,000 |
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% | 6.727% | 6.309% |
Monthly Tax Payment | $1,635 | $1,635 | $1,635 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,497 | $5,071 | $6,737 |
Total Monthly Payment | $6,224 | $6,798 | $8,464 |
* 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.