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Fully gut renovated in 2025, this legal 3 family property offers modern finishes, thoughtfully designed layouts, and exceptional versatility for both investors and end users. The first floor walk in unit is an optimally designed 1 bedroom that maximizes square footage and storage space, with access to a private portion of the backyard. The second floor also enjoys its own private portion of the backyard, a rare and highly desirable feature. Each unit is equipped with a dishwasher and recessed lighting throughout, creating a bright and contemporary feel. The second and third floors feature spacious 2 bedroom layouts, with one bedroom accommodating a king size bed and the other comfortably fitting a queen. Both units offer ample closet space and sun filled, well flowing living rooms, dining areas, and kitchens that provide both comfort and functionality. Recessed lighting throughout enhances the clean, modern aesthetic of each apartment. Additional highlights include two paved parking spaces in front of the property and a one car garage. Each unit has its own separate boiler and hot water heater, making this an ideal investment with simplified utility management. There is also a coin operated washer and dryer available for all tenants. Perfect for an investor seeking strong rental demand and minimal vacancy, or for a buyer looking to create a multi generational living setup, this property is ideally located near Ditmars Boulevard, Astoria Park, and the N/W train at Ditmars Boulevard and 31st Street. Zoned for the highly desirable PS 122, the home combines location, layout, and long term value. With its popular layouts and prime location, these apartments are consistently in high demand.
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Our Executive Mortgage Banker:
$2,129,000
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 | $1,703,200 | $1,703,200 | $1,703,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.349% | 6.183% |
| Monthly Tax Payment | $957 | $957 | $957 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,671 | $10,487 | $14,373 |
| Total Monthly Payment | $10,753 | $11,569 | $15,455 |
* 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.