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Welcome to 25-40A 36th Street in Astoria, a beautifully maintained legal 3 family brick home. Most homes of this style are only considered legal 2 family properties, this one was legalized as a true 3 family in 2005 with an updated Certificate of Occupancy, making it a rare opportunity. This property is being offered on the market for the first time by the original owners since it was built in 1960, and homes like this rarely come to market , especially in Astoria, where rising rents encourage to hold onto these properties for generations. The second and third floors mirror one another, each offering three bedrooms and a bright, open concept living, dining, and kitchen area. The kitchens are thoughtfully designed to create a continuous sun filled gathering space, complete with generous counter space, a large center island, and ceiling height cabinetry for maximum storage. . The middle unit enjoys a front balcony, perfect for relaxing outdoors or adding extra living space. Large windows allow natural light to fill the interiors, creating a warm and inviting layout that functions beautifully for everyday living. The first floor is a spacious walk in one bedroom apartment featuring a separate living room, full kitchen, and full bathroom, ideal for extended family or an additional rental. The full finished basement is renovated, bright, and airy, with direct access to the private backyard. It includes a separate laundry room with washer and dryer, a finished living area, and a front utility room that is completely separated from the finished space for added convenience and organization. Additional notable features include a private driveway and garage. The property sits in R6B zoning and offers an additional 1, 593 square feet of buildable potential, presenting untapped upside with the ability to build an additional level (buyer to verify). This added flexibility enhances both long term value and future redevelopment potential. Located just a short walk to the N/W trains on 31st Street and moments from vibrant 30th Avenue’s restaurants, cafes, and shops, this home is ideally positioned for convenience and strong rental demand. This home is perfect as an investment property, for an end user living in one unit and renting the others, or for multi-generational living. Opportunities like this are few and far between , don’t miss your chance to own a truly special property in the heart of Astoria!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,759,200 | $1,759,200 | $1,759,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.996% | 5.932% |
| Monthly Tax Payment | $980 | $980 | $980 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,579 | $10,406 | $14,609 |
| Total Monthly Payment | $10,684 | $11,511 | $15,714 |
* 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.