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Exceptional opportunity to own a well-maintained brick corner building located in the heart of Ridgewoods Historic District, just off Fresh Pond Road. The property is ideally situated just two short blocks from the Fresh Pond M train stop and approximately 0. 4 miles from the Forest Ave M stop, offering convenient access to Manhattan and surrounding neighborhoods. Its surrounded by local cafes, restaurants, parks, and amenities, making it an ideal location for families and commuters alike.
The building spans nearly 4, 000 square feet of interior space, not including the basement, and is currently occupied. It features a flexible layout across three stories plus a full basement. The first floor is configured as two separate apartments: a studio apartment in the front and a one-bedroom apartment in the rear. The second and third floors each offer spacious floor-through three-bedroom apartments with large windows and great natural light throughout. The basement is unfinished but offers excellent potential for storage or to be converted into recreation space by a future owner. The property is heated by gas and includes a rare three-car garage along with a small private outdoor space situated between the house and the garagesperfect for gardening, grilling, or relaxation.
Whether for end use or as an investment, this is a rare chance to own a classic corner building in one of Ridgewoods most desirable and historically rich neighborhoods.
Studio apartment (1st floor front) $1, 675, One bedroom (1st floor rear) $2, 050, 2nd floor $1, 850, maintain garbage, snow and sweeping, 3rd floor $1, 800. Garages $375, $275, $300, Gas heat is $4, 800, Insurance $2, 200 per year, Water and Sewer $2, 000 Expenses: Fuel $4, 800, Water and Sewer $2, 000, Insurance $3, 200. Owner pays 3rd floor, gas, electric tenant pays for hallway, basement and garage. Boiler is in good shape. New Hot Water Steam
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.
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William Raveis Real Estate
Phone: 888.699.8876
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William Raveis Mortgage, LLC
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Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,799,200 | $1,799,200 | $1,799,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.133% | 6.038% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,796 | $10,787 | $15,061 |
| Total Monthly Payment | $9,921 | $10,912 | $15,186 |
* 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.