35-54 95th Street, Jackson Heights, NY, 11372 | $5,200,000

The subject property consists of 20, 2-bedrooms, stabilized apartments that sits on a 55 x 100 lot. The building has been meticulously cared for by the owner and has had many upgrades including new Boiler and burner in December of 2020. It is located one block away from the # 7 train for a quick 25 min ride into Manhattan. Some of the neighboring retailers include, Rite Aid Pharmacy, Chase Bank, IHOP, City MD and many others. This property presents investors with the opportunity to acquire a low vacancy rate, stable cash flowing Real Estate investment. It can also be a great 1031 exchange opportunity. Additional information available upon request.

Features

  • Rooms: 60
  • Bedrooms: 40
  • Baths: 20 full
  • Units: 20
  • Style: Mid-Rise
  • Year Built: 1928
  • Garage: On Street
  • Heating: Oil, Steam
  • Cooling: None
  • Basement: Full, None
  • Approx Sq. Feet: 15,500
  • Acreage: 0.13
  • Est. Taxes: $86,000
  • Lot Desc: Near Public Transit
  • Middle School: Is 145 Joseph Pulitzer
  • High School: Newtown High School
  • School District: Community District 30
  • MLS#: 3443931
  • Days on Market: 518 days
  • Website: https://www.raveis.com
    /prop/3443931/355495thstreet_jacksonheights_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Weichert Realtors TMT Group   Phone: 718-229-5200

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

35-54 95th Street, Jackson Heights, NY, 11372

$5,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,160,000 $4,160,000 $4,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 7.250% 7.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.683% 7.354% 7.207%
Monthly Tax Payment $7,167 $7,167 $7,167
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $26,982 $28,379 $37,391
Total Monthly Payment $34,274 $35,671 $44,683

* 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.