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149-16 14th Avenue, Whitestone, NY, 11357 | $2,598,000
DEVELOPMENT OPPORTUNITY Whitestone, Queens / Mixed-Use Approved Project An exceptional development opportunity is being offered in Whitestone, Queens. The offering consists of three (3) contiguous lots totaling approximately 0. 170 acres (7419 Sf), located at 149-16 14th Avenue, 149-18 14th Avenue, and 149-23 Cross Island Parkway. The property is being delivered with approved architectural plans for three (3) mixed-use buildings, each designed to include a ground-floor retail/commercial component with residential apartments above. Key Highlights: - 3 Development Lots/ +- 0. 170 Acres Total - Approved Plans in Place - 3 Mixed-Use Buildings with Retail/Commercial on First Floor and Residential Apartments Above - Prime Whitestone Location - Strong retail demand and rental fundamentals - Excellent access to Cross Island Parkway, public transportation, and surrounding amenities. 149-16 14th Avenue consists of a 2, 000 Sq ft site, proposed to be developed with a 3-story mixed-use building, containing a total of 3 residential rental units and a commercial retail / office unit (1, 224 Sq ft) on the first floor, with a combination of a 2-BR + rear terrace (950 Sq ft) unit on the 2nd floor and a 1-BR (575 Sq ft) and a rear studio (375 Sq ft) units on the 3rd floor. The total gross building area is estimated at 3, 234 Sq ft above grade. 149-18 14th Avenue consists of a 2, 000 Sq ft site, proposed to be developed with a 3-story mixed-use building, containing a total of 3 residential rental units and a commercial retail / office unit (1, 224 Sq ft) on the first floor, with a combination of a 2-BR + rear terrace (950 Sq ft) unit on the 2nd floor and a 1-BR (575 Sq ft) and a rear studio (375 Sq ft) units on the 3rd floor. The total gross building area is estimated at 3, 234 Sq ft above grade. 149-23 Cross Island Parkway 3, 419 Sq ft site, proposed to be developed with a 3-story mixed-use building, containing a total of 5 residential rental units and a commercial office unit (1, 894 Sq ft) on the first floor, with a combination of one (1) studio and four (4) one-bedroom units. The total gross building area is estimated at 5, 306 Sq ft above grade.
Features
- Elem. School: Ps 193 Alfred J Kennedy
- Middle School: Jhs 185 Edward Bleeker
- High School: Queens Academy High School
- School District: Community District 25
- MLS#: 954726
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/954726/1491614thavenue_whitestone_ny?source=qrflyer
William Raveis Family of Services
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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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Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
149-16 14th Avenue, Whitestone, NY, 11357
$2,598,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,078,400 | $2,078,400 | $2,078,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.031% | 5.885% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,477 | $12,295 | $17,120 |
| Total Monthly Payment | $11,602 | $12,420 | $17,245 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535