5840 206th Street, Bayside, NY, 11364 | $998,000

58-40 206th Street Bayside NY 113654 ( Oakland Gardens ) is a rare find as an affordable two family attached townhouse that combines modern comfort with excellent income potential. This property is nestled in the desirable Oakland Gardens section of Bayside. The solid brick exterior offers timeless appeal, while the rear car parking area is conveniently accessible through a shared common driveway. The interior offers two apartments with the first level duplex apartment featuring two levels; first level with a full bathroom and two bedrooms as well as the lower level with an open concept layout with a living and dining area enhanced by the open layout kitchen with modern cabinetry, luxury vinyl tile flooring and direct access to the rear parking area. The second level apartment is a charming one bedroom simplex offering a galley kitchen , a living area bedroom and full bathroom, perfect for rental income or guest accommodations. The versatile property presents an excellent opportunity for investors or for end users seeking a primary residence with income support delivering stress free affordable living. This home is located near major roadways , public transportation, schools, shopping and dining, offering both accessibility and community charm in one of Baysides sought after neighborhoods!

Features

  • Bedrooms: 3
  • Baths: 2 full
  • Style: Other
  • Year Built: 1940
  • Heating: Hot Water, Natural Gas
  • Cooling: Multi Units
  • Basement: Finished
  • Acreage: 0.04
  • Est. Taxes: $8,391
  • Elem. School: Ps 203 Oakland Gardens
  • Middle School: Ms 158 Marie Curie
  • High School: Benjamin N Cardozo High School
  • School District: Community District 26
  • MLS#: 923396
  • Days on Market: 94 days
  • Website: https://www.raveis.com
    /prop/923396/5840206thstreet_bayside_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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Red GiovanucciSales Associate

781.710.5906

Red.Giovanucci@raveis.com

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Scott PetersenVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 32556

339.224.0866

Scott.Petersen@raveis.com

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Our Insurance Division:

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5840 206th Street, Bayside, NY, 11364

$998,000

Red Giovanucci

Sales Associate

William Raveis Real Estate

Phone: 781.710.5906

Red.Giovanucci@raveis.com

Scott Petersen

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 339.224.0866

Scott.Petersen@raveis.com

NMLS Mortgage Loan Originator ID 32556

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $798,400 $798,400 $798,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.361% 6.183%
Monthly Tax Payment $699 $699 $699
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,533 $4,916 $6,737
Total Monthly Payment $5,324 $5,707 $7,528

* 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.