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Prime Investment Opportunity – Two Fully Renovated 3-Family Properties in Downtown Jamaica, Queens. Introducing a rare opportunity to acquire two adjacent legal three-family homes in the heart of Downtown Jamaica, one of Queens’ fastest-growing neighborhoods. Located at 155-20 and 155-18, these all-brick properties sit side by side, with one occupying a prime corner lot. These properties can be sold as a package or separately. Both properties have been completely gut-renovated and will be delivered with brand-new Certificates of Occupancy, offering peace of mind and long-term value for investors or end users. Property Highlights: Two Legal 3-Family Homes – Sold together or separately. Corner property (155-20): First floor features a spacious 4-bedroom apartment; upper floor offers two seperate 2-bedroom/1-bath layouts. Adjacent property (155-18): First floor features a 3-bedroom apartment; upper floor also offers two seperate 2-bedroom/1-bath layouts. Nearly 5, 000 SF per building (including full oversized basements with O. S. E. ). All-brick construction with timeless curb appeal. Fully paved, oversized backyard – ideal for private parking, a highly desirable feature in this area. Modern, turnkey renovations throughout with high-quality finishes. Location Advantages: Situated in Downtown Jamaica, an area undergoing tremendous revitalization and development Surrounded by retail, restaurants, schools and community amenities. Excellent transportation access: close to subways, LIRR, Airtrain to JFK and major bus lines, ensuring seamless connectivity across NYC and to JFK Airport. This is a unique chance to own side-by-side, fully renovated multi-family properties in a prime growth corridor of Queens. Whether you are an investor seeking strong rental income in a high-demand market or an end-user looking to occupy one unit while generating rental revenue from the others, these properties deliver both immediate returns and long-term upside.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $1,520,000 | $1,520,000 | $1,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.031% | 5.846% |
| Monthly Tax Payment | $160 | $160 | $160 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,394 | $8,991 | $12,521 |
| Total Monthly Payment | $8,679 | $9,276 | $12,806 |
* 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.