Development site available in Forest Hills !!! This site allows for the development of a condominium building totaling 9,720 sq ft of residential space, plus another 9,480 of facility space, such as parking, gym, play room, storage, etc. Amazing opportunity in a neighborhood where new, 3 bedroom condos are selling for $1,600+ per sq ft. Best use for this lot would be 3-4 bedroom condos, ranging in size from 1,300 - 2,000 sq ft. The larger the unit the higher the price per sq ft paid by a buyer. The larger units are in great demand and very low, if not non-existent supply.
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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