DON'T MISS! Welcome to this exceptional legal 2-family residence in the heart of Ozone Park-a versatile gem. Currently this legal 2-family residence is being used as a single-family home, this 2-family house presents a unique opportunity for a variety of living arrangements and investment possibilities. Positioned as a corner semi-detached property, the home has 2 separate front entrances, along with 2 separate electric meters. This property stands out with its R5 ZONING on a spacious 25x100 lot. The real highlight is the additional 1, 584 buildable square footage, offering the perfect canvas for expansion. Whether you're envisioning the addition of extra floors, more rooms, or a comprehensive extension, the possibilities are boundless. Upon entering the house, you're greeted by an open layout on the first floor, featuring a welcoming living room, a comfortable bedroom, full bathroom, and a separate entrance leading to the backyard. The thoughtful design provides both privacy and functionality. Venturing upstairs, the second floor unveils two generously sized bedrooms, creating an ideal space for family or guests. The open-concept kitchen with a pantry enhances the overall appeal, providing a central hub for culinary delights. The property's versatility extends to the fully partially finished basement, with a separate entrance. This additional space can be customized to suit your needs, whether as a recreation area, home office, or an independent living unit. Low taxes is an added PLUS, adding to its appeal as a smart investment. Act now and unlock the possibilities that await you in this gem of a property!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $630,400 | $630,400 | $630,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $437 | $437 | $437 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,300 | $4,247 | $5,405 |
Total Monthly Payment | $4,829 | $4,776 | $5,934 |
* 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.