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Introducing a beautifully renovated two-family residence in the vibrant, evolving community of Far Rockaway. Thoughtfully updated and truly move-in ready, this property is an excellent option for end-users and savvy investors alike. The 20'×51' building sits on a generous 28'×105' lot and includes a coveted private driveway and a rear yard—rare and highly desirable in the area. Both sun-filled apartments feature spacious 3-bedroom, 2-bath layouts designed for comfortable living and strong rental appeal. Practicality meets efficiency with separately metered utilities and individual heating and hot-water systems for each unit, simplifying management and maximizing control over expenses. The home showcases quality finishes throughout, reflecting careful, modern renovations. Ideally situated within minutes of the train, beach, and boardwalk, you’ll enjoy the best of both worlds—easy city access and relaxed coastal living. Occupy one unit and rent the other, or add a high-yield, low-maintenance asset to your portfolio. This turn-key gem delivers exceptional value in one of Queens’ most promising neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$780,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $624,000 | $624,000 | $624,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | $582 | $582 | $582 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,592 | $3,791 | $5,057 |
| Total Monthly Payment | $4,266 | $4,465 | $5,731 |
* 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.