Constructed in 2018, this strategically positioned building boasts seven meticulously designed residential units, each benefiting from a generous 15-year tax abatement. Additionally, the property features two state-of-the-art medical offices, enjoying an extended 25-year tax abatement. Situated in the heart of downtown Flushing, its prime location is a mere 1.5 blocks from Main Street and the renowned Sky View Shopping Mall. This investment opportunity promises not only contemporary living spaces but also an attractive long-term financial advantage, making it an exceptional prospect for discerning investors seeking a blend of modernity and financial prudence in a coveted urban locale.
132-36 41st Avenue, Flushing, NY, 11355
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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