107-40 Queens Boulevard, #4M, Forest Hills, NY, 11375 | $235,000

Welcome to Lane Towers, a highly sought-after luxury, fireproof concrete high-rise with 24-hour doorman service, ideally located in the heart of Forest Hills. This sun-filled studio apartment, in excellent condition, offers a flexible layout and can easily be converted into a one-bedroom. The apartment features hardwood floors throughout, generous closet space, and a desirable south-facing exposure, providing abundant natural sunlight throughout the day. The kitchen is in great condition, the space is thoughtfully laid out to maximize light, comfort, and functionality. Lane Towers offers a full suite of amenities, including laundry on every floor, 24-hour doorman, two elevators plus a freight elevator, package room, community/party room, bicycle room, storage units (waitlist), and indoor garage parking (approximately a 4-month waitlist). Residents also enjoy a public roof terrace on the 18th floor with stunning panoramic views of the Manhattan skyline and Forest Hills Gardens. The building features automatic sliding entry doors, on-site management, a live-in superintendent, and solid concrete construction that ensures excellent sound insulation. The location is truly exceptional. Just one block from Austin Street, enjoy premier shopping, dining, cafes, movie theaters, Trader Joe’s, supermarkets, and banks. Transportation is effortless with access to the E, F, M, and R subway lines, express buses, and the Long Island Rail Road just a short distance away, making commuting to Manhattan or Long Island seamless. Nearby attractions include Forest Hills Stadium, West Side Tennis Club, Forest Hills Gardens, Forest Park, Flushing Meadows–Corona Park, houses of worship, and convenient access to JFK and LaGuardia airports. Current Maintenance: $1, 325/month (includes Central A/C, Heat & Cooking Gas) Includes a temporary special assessment. True base maintenance (before assessment): $1, 107. 64/month. Estimated electric bill: approx. $40/month Subletting: Permitted after 2 years with board approval Flip Tax: 1% after 2 years of ownership; 2% if sold within 18 months Pets: Cats allowed (no dogs) Co-op Board Application & Interview Required A rare opportunity to own a bright, south-facing studio with easy one-bedroom conversion potential in one of Forest Hills’ most desirable full-service buildings.

Features

  • Parking: Waitlist
  • Heating: Forced Air
  • Cooling: Central Air
  • Amenities: Door Person, Elevator(s), Live In Super, Lounge, Snow Removal, Trash
  • Rooms: 3
  • Baths: 1 full
  • Laundry: In Hall
  • Year Built: 1965
  • Approx Sq. Feet: 615
  • Elem. School: Acad For Excellence-Arts (The)
  • Middle School: Forest Hills High School
  • High School: Forest Hills High School
  • School District: Community District 28
  • Pet Policy: Cats OK, No Dogs
  • Appliances: Cooktop, Gas Cooktop, Microwave, Oven, Refrigerator, Trash Compactor
  • MLS#: 953677
  • Days on Market: 55 days
  • Website: https://www.raveis.com
    /prop/953677/10740queensboulevard_foresthills_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Keller Williams Landmark II   Phone: 347-846-1200

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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107-40 Queens Boulevard, #4M, Forest Hills, NY, 11375

$235,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $188,000 $188,000 $188,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.357% 6.431% 5.668%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,112 $1,158 $1,524
Total Monthly Payment $1,187 $1,233 $1,599

* 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.