Fabulous investment opportunity in Forest Hills! For sale, a well maintained mixed use property offering a large street level storefront and a residential unit with outdoor space on the second floor. Building has many upgrades including: updated plumbing in the storefront and apartment, new appliances, new electrical wiring and panel for the storefront. The residential apartment was updated in 2021 and offers parquet floors plus laminate flooring in the stairwell. There is a deck off of the apartment, for tenants to enjoy. Roofing was redone and resealed in 2022 and Nest thermostat for convenience and energy efficiency. This home offers immediate benefits as well as a great long term investment upside. Located on a busy stretch of Metropolitan Avenue, this property is sure to increase in value.
105-16 Metropolitan Avenue, Forest Hills, NY, 11375
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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