Jamaica Hills – Mixed-Use Two-Family + Storefront. The property consists of two residential units plus one commercial storefront. The ground-floor grocery store is approximately 1,000 sq ft with no lease. The second and third floors feature 2-bedroom, 1-bath apartments of approximately 700 sq ft each, both is vacant. The building sits on a 2,400 sq ft lot (20×118), is brick construction, and has annual property taxes of only $6,781. The property was fully renovated, with separate gas and electric meters and individual split HVAC systems for each unit. Exceptional transportation access just a couple minutes walk to the subway, with close proximity to LIRR and major bus lines. This rare, full-coverage transit location in Jamaica Hills makes the property ideal for high-density development and long-term rental income.
16015 Hillside Avenue, Jamaica Hills, NY, 11432
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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