|
Prime mixed-use income-producing property located on high-traffic Jamaica Avenue in the heart of Woodhaven, directly beneath the elevated train line, offering exceptional visibility and consistent foot traffic. Lot Size: 20 x 100 ; Building Size: 20 x 75 (approx. 2, 926 SF) This solid two-story brick building consists of: 1 ground-floor commercial storefront with wide frontage and large display windows, ideal for medical, retail, professional office, or service-oriented businesses 2 residential apartments, each configured as one-bedroom units, featuring hardwood floors, updated kitchens and bathrooms, and strong natural light Income & Upside Potential Strong demand for Jamaica Ave storefronts due to constant traffic and established neighborhood businesses Residential units benefit from stable rental demand in Woodhaven Opportunity to increase rents to market levels, creating immediate upside for investors Ideal for investors seeking mixed-use cash flow or owner-users looking to offset expenses with rental income Location Highlights High-exposure commercial corridor Steps to public transportation, shopping, and services Easy access to major roads and surrounding Queens neighborhoods This property offers a rare combination of stable income, future upside, and long-term appreciation potential in an established Queens market. Suitable for 1031 exchange buyers, investors, or end-users looking to maximize return in a high-demand mixed-use corridor. A Must See.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
| 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% | 5.885% |
| Monthly Tax Payment | $593 | $593 | $593 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,739 | $6,147 | $8,560 |
| Total Monthly Payment | $6,457 | $6,865 | $9,278 |
* 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.