|
Delivered Vacant — Rare Glendale Two-Family with Three-Level Living, Parking, and Strong Income Potential Set on a quiet, tree-lined block near Forest Park, this well-maintained brick residence offers exceptional flexibility as a primary residence, multi-generational home, or income-producing property. Configured with two spacious 3-bedroom, 1. 5-bath apartments and an additional 1-bedroom unit, the home provides generous scale, strong natural light, and multiple paths for customization or investment. This flexible multi-unit opportunity near Forest Park with full basement, parking and strong income potential is a rare opportunity to own a solid brick income-producing residence on a quiet street abutting Forest Park. Delivered vacant and thoughtfully configured, this property offers exceptional versatility for both end-users and investors alike. The home features two spacious three-bedroom residences, each with well-proportioned layouts and abundant natural light, along with an additional one-bedroom unit that can be reimagined to suit a variety of needs. Access to private spacious backyard with garden border for easy maintenance. Whether configured for multi-generational living, owner-occupancy with supplemental income, or full investment use, the possibilities are extensive. A full finished lower level provides a generous recreation space, offering additional flexibility and potential for future use. The property also includes a private driveway, garage, and additional parking—an invaluable feature in this neighborhood. Ideally positioned near the border of Glendale and Forest Hills, the home sits on a peaceful residential block just moments from the expansive greenery of Forest Park. The location offers convenient access to transportation connecting to Manhattan, Brooklyn, and Long Island, making it an excellent option for commuters seeking both accessibility and space. This is a unique opportunity to establish market rents, customize usage, and unlock long-term value in a highly desirable Queens location. Convenient to the F Train in Forest Hills, the R and M Train on Woodhaven Blvd. , the M Train (Forest Ave) and J/Z Trains (Wyckoff/Myrtle), as well as major bus routes including QM15 Express Bus, Q11, Q55, Q29, Q54, and Q52/53 Select Bus Service, offering quick access to Manhattan, Brooklyn, Long Island, and surrounding neighborhoods. Local shops, cafes, supermarkets, and restaurants on Myrtle Avenue and 80th/88th Streets, Metropolitan Avenue and Austin Street in Forest Hills are moments away.
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:
$1,548,888
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 | $1,239,110 | $1,239,110 | $1,239,110 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $855 | $855 | $855 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,939 | $7,529 | $10,373 |
| Total Monthly Payment | $7,919 | $8,509 | $11,353 |
* 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.