INCOMPARABLE MULTI-FAMILY OCEANFRONT! Discover Your Dream Coastal Retreat in Rockaway Beach! Welcome to your slice of paradise by the sea! Nestled on the picturesque shores of Rockaway Beach, this exceptional 2-family OCEANFRONT home offers an idyllic coastal lifestyle, boasting breathtaking views of the Atlantic Ocean. With a thoughtfully designed layout and a generous lot, this property is a rare gem that combines convenience, and comfort. Wake up to the soothing sounds of the waves and savor spectacular sunrises from the comfort of your own 20'x10'deck, which overlooks the majestic Atlantic Ocean. This is waterfront living at its finest. This property is designed to accommodate the needs of multiple generations, provide income potential, or serve as a summer getaway for friends and family. Two separate living units, each with Living/Dining, large kitchens, 3 bedrooms and 2 baths make this an incredible investment opportunity. Additionally the walk in level unit of this home features a well-appointed mother-in-law suite with a private entrance. It's the perfect space for extended family members, offering both privacy and comfort. The property sits on a generous 33x100 lot, allowing for ample outdoor space. Forget about the hassle of street parking, this property offers plenty of private parking. Rockaway Beach is a vibrant community known for its beachfront charm, eclectic dining options, and a burgeoning arts scene. Enjoy the nearby boardwalk, local surf spots, and a variety of dining and entertainment venues, making it the ideal place to call home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,290,000
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 | $1,032,000 | $1,032,000 | $1,032,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $531 | $531 | $531 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,187 | $6,694 | $8,990 |
Total Monthly Payment | $6,843 | $7,350 | $9,646 |
* 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.