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24-56 29th Street, Queens (Astoria), NY, 11102 | $1,320,000
1B and 2B delivered vacant.
Presenting an exceptional investment opportunity in the heart of Astoria, New York: 2456 29th Street. This substantial multifamily property boasts 12 bedrooms and 6 bathrooms, encompassing a generous 4, 950 square feet of living space. Ideally situated in a prime Astoria location, this semi-detached, six-family residence offers significant live-in plus income potential, making it an attractive proposition for both investors and owner-occupiers.
The property includes one vacant free-market unit, providing immediate flexibility for new owners to either occupy or lease at market rates. Its strategic location is enhanced by proximity to major transportation hubs, including the Astoria Blvd. and Ditmars Blvd. N/W Stations, facilitating seamless connectivity to the rest of New York City.
Residents will appreciate the convenience of being across the street from Hoyt Playground, offering recreational opportunities just steps away. Additionally, the renowned Astoria Park is within easy reach, providing expansive green spaces and leisure activities for all ages.
Astoria's vibrant community, rich cultural offerings, and diverse dining options further enhance the appeal of this property. Whether you are seeking a robust investment or a place to call home with the added benefit of rental income, 2456 29th Street presents a compelling choice.
This property is available for sale and represents a rare opportunity to secure a substantial asset in one of New York City's most desirable neighborhoods. For a comprehensive setup and offering memorandum or to schedule a private tour, please reach out via email.
Features
- Town: Queens
- Rooms: 30
- Laundry: InUnit
- Year Built: 1931
- Cooling: Unknown Type
- Service Level: Voice Intercom
- Built Size: 20'x85'
- OLR#: RLS20061984
- Days on Market: 162 days
- Website: https://www.raveis.com
/prop/RLS20061984/245629thstreet_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 Corcoran Group
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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24-56 29th Street, Queens (Astoria), NY, 11102
$1,320,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,056,000 | $1,056,000 | $1,056,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,996 | $6,416 | $8,911 |
| Total Monthly Payment | $6,121 | $6,541 | $9,036 |
* 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