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**Excellent Investment & Owner-Occupant Opportunity – Legal 3-Family Home** This well-maintained **legal 3-family attached property** offers the perfect opportunity for both **investors and owner-occupants**. The **first-floor unit was fully renovated in Summer 2024** and features **3 bedrooms, a home office, 1. 5 bathrooms, and a modern kitchen with stainless steel appliances**, along with **private access to a large fully fenced backyard with patio**. The **second floor includes two 2-bedroom apartments with separate utilities**, and **one of the units is currently vacant**, providing an ideal setup for an **owner-occupant to live comfortably while generating strong rental income from the other units**—potentially allowing the owner to **offset most or all of their living expenses**. The **fully finished basement (completed in 2021)** includes **washer and dryer, two additional rooms, its own entrance, ductless climate control, and two exits**, offering **flexible bonus space ideal for a recreation room, gym, studio, or additional living space**. Additional highlights include **owned solar panels for energy efficiency**, **air humidifiers in all units**, **multiple exits for added safety**, and a **newly renovated exterior featuring durable NewTechWood composite siding**. **Conveniently located near public transportation with easy access to Manhattan**, making this property highly attractive to tenants and commuters alike. This **move-in-ready, income-producing property** offers **strong rental potential, modern upgrades, and long-term value**. **Property to be sold as-is. ** **VIDEO TOUR AVAILABLE**
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,699,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,359,200 | $1,359,200 | $1,359,200 |
| 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% | 6.164% |
| Monthly Tax Payment | $444 | $444 | $444 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,717 | $8,259 | $11,470 |
| Total Monthly Payment | $8,286 | $8,828 | $12,039 |
* 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.