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3968 Duryea Avenue is a new construction two-unit property situated on a quiet, tree-lined street in the desirable Wakefield section of the Bronx. This move-in-ready residence offers a total of six bedrooms and three full bathrooms, making it a strong option for both end-users and investors. The upper unit is a bright, expansive duplex offering four bedrooms and two full bathrooms across two levels, ensuring plenty of space for a larger living setup. The first-floor unit features two spacious bedrooms and one full bathroom, providing an excellent opportunity for rental income or additional living arrangements. Both units have been fully updated with brand-new hardwood floors, modern kitchens equipped with stainless steel appliances, sleek white cabinetry, and granite countertops. The bathrooms display stylish tile work and contemporary fixtures, creating a consistent, modern aesthetic throughout the property. Each unit is separately metered, and all major systems—including electric, plumbing, and heating—have been newly upgraded for long-term comfort and peace of mind. Additional highlights include a private driveway for convenient off-street parking and a fenced backyard with room for outdoor enjoyment or gardening. Ideally located near public transportation, schools, shopping, and major highways, this property offers exceptional convenience and accessibility. Income & Investment Potential - With its modern upgrades and flexible layout, 3968 Duryea Avenue stands out as a unique opportunity to live in a luxury home while generating significant profit. Estimated Rental Income (Wakefield Market): Unit 1 (2-Bed/1-Bath): $2, 800 – $3, 100 per month. Unit 2 (4-Bed/2-Bath Duplex): $4, 500 – $5, 200 per month. Combined Potential: $7, 300 – $8, 300 per month. To ensure your investment is successful from day one, our team also offers full rental and tenant-placement services after purchase, helping you transition seamlessly from closing to cash flow.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,000
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 |
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|---|---|---|---|
| Loan Amount | $879,200 | $879,200 | $879,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $649 | $649 | $649 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,586 | $5,061 | $7,126 |
| Total Monthly Payment | $5,360 | $5,835 | $7,900 |
* 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.