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A unique commercial offering in the distinguished prewar building The Virginia, ideally located on Queens Boulevard—one of New York City’s major thoroughfares. This one-of-a-kind suite features a private entrance and is part of a collection of four contiguous commercial units (1B, 1C, 1F, and 1G) currently available for sale. Formerly used by a single professional client, these units may be able to convert back to residential use. Unit 1C is the largest of the group and includes a dedicated private entrance just to the left of the main lobby. The other units are internally accessible through connecting doors. Units 1C and 1B share a wall, offering the potential to create a larger, integrated space by opening the partition. Positioned at the crossroads of Forest Hills and Rego Park, this space benefits from exceptional visibility, strong foot traffic, and unparalleled accessibility. The R and M subway lines, Long Island Rail Road (LIRR), and Q60 Bus line are just steps from the front door. Major highways are nearby, and street parking is easy to find. The building also features a 24-hour video intercom system and a live-in superintendent. Monthly Maitenace and assessments (Ends Deccember 2025) for these units are as follows: (1C, $1239, $363. 15), (1F, 966. 42, 283. 26) and (1G, $619. 50, $181. 58) and 1B, $1003. 61, $294. 19. SELLERS WILL PAY OFF THE ASSESSMENT AT CLOSING
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $1,239 | $1,239 | $1,239 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,770 | $1,839 | $2,344 |
Total Monthly Payment | $3,084 | $3,153 | $3,658 |
* 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.