Queens (Long Island City), NY, 11101 | $1,500,000
Prime Investment Opportunity in Long Island City Welcome to 12-07 40th Ave, a fantastic property offering a blend of residential and commercial spaces in the vibrant Long Island City neighborhood. Property Overview: - Building Size: 25 x 38 - Lot Size: 25 x 100 - Total of 4 Studio Apartments - Ground Floor Commercial Space - Private Garden - Renovated Interiors - Updated Kitchens and Bathrooms - Modern amenities for the comfort of your residents - Versatile Commercial Space - A spacious and versatile commercial area on the ground floor. - Perfect for various business ventures, restaurant, retail, cosmetologists etc. offering excellent visibility and foot traffic. - Private Garden: - A serene private garden space, providing a peaceful retreat for potential tenants. - Great Location: - Nestled in an up-and-coming neighborhood that's on the path of progress. - Long Island City, NY offers a thriving community and easy access to Manhattan. This property presents a unique opportunity for investors seeking both residential and commercial income streams. With updated interiors, a private garden, and a prime location, 12-07 40th Ave is a promising investment in an exciting neighborhood. Don't miss out on the chance to be a part of the dynamic Long Island City real estate market. Contact us today to schedule a viewing and explore the potential of this property. This co-exclusive listing with Greiner-Maltz boasts numerous features that make it an exceptional investment.
Features
- Town: Queens
- Rooms: 10
- Bedrooms: 4
- Baths: 5 full
- Lot Size: 25.000000x100.000000
- Laundry: See Remarks
- Year Built: 1901
- Garage: On Street
- Approx Sq. Feet: 2,736
- Lot Size: 25.000000x100.000000
- Est. Taxes: $7,284
- Pet Policy: Building No,Cats OK,Dogs OK
- MLS#: COMP-140429766854374
- Days on Market: 238 days
- Website: https://www.raveis.com
/eprop/COMP-140429766854374/120740thavenue_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Compass Phone: (212) 913-9058
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
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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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Queens (Long Island City), NY, 11101
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
| 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 | $607 | $607 | $607 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,389 | $7,883 | $10,619 |
| Total Monthly Payment | $8,121 | $8,615 | $11,351 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535