Super Investment Opportunity !! Mixed-Use Property with Street Level Commercial Space + Two Residential Units, on the Busy Fresh Pond Road On a busy street in Ridgewood, Queens, AND only four short blocks to the Fresh Pond Road subway station, this is a perfect place to invest in an easy to fill property or set up your busy practice. 1st FLOOR Most recently used as a dentist's office, it is divided into 3 examination rooms, 1 lab, 1 office, reception/waiting area and 1 half bathroom. - VACANT *All dental equipment IS included with sale of the property; the dental practice is NOT for sale. * (Equipment includes: All fixed dental equipment, 3 x-ray machines, compressor, central vacuum and all furniture). 2nd FLOOR - eat-in kitchen, living room, 3 bedrooms, full bathroom (VACANT) 3rd FLOOR - eat-in kitchen, living room, 3 bedrooms, full bathroom (Tenant Occupied) BASEMENT - full, finished with high ceilings. OUTDOORS - backyard (access from 1st Floor and Basement) EXCELLENT LOCATION ! Surrounded by parks, shopping, schools, public transportation and close proximity to major highways and thoroughfares. NEIGHBORHOOD Ridgewood, nestled in Queens, New York, is a vibrant and diverse neighborhood with a rich history. Known for its tree-lined streets and a mix of residential and commercial spaces, Ridgewood maintains a unique blend of old-world charm and modern urban energy. With a wide array of local businesses, cultural offerings, and easy access to public transportation, Ridgewood appeals to both longtime residents and newcomers seeking a dynamic community atmosphere. .
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,599,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,279,200 | $1,279,200 | $1,279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | $722 | $722 | $722 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,876 | $8,403 | $11,320 |
Total Monthly Payment | $8,723 | $9,250 | $12,167 |
* 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.