Presented by
Monica Murphy |
Here’s a revised version that clearly emphasizes the mixed-use income component, keeps a professional tone, and stays concise as you prefer: Revised Description: This mixed-use income-producing property is located on high-traffic Steinway Street in Astoria. Built in 1920, the building offers approximately 3, 420 sq ft on a 1, 900+ sq ft lot and consists of two residential income units above a ground-level commercial space, plus a full basement. The commercial unit provides strong rental potential in a prime retail corridor. The second-floor residential unit is a fully renovated three-bedroom apartment (2024) featuring modern finishes and stainless steel appliances. The third-floor unit is a well-maintained three-bedroom, one-bath apartment. Additional highlights include a brand-new boiler and consistent income from the two upper residential levels, making this a solid investment in a high-demand location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,800,888
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 914.643.8776
monica.murphy@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,240,710 | $2,240,710 | $2,240,710 |
| 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 | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,689 | $12,899 | $18,160 |
| Total Monthly Payment | $11,814 | $13,024 | $18,285 |
* 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.