|
Rarely does a detached two-family residence of this scale and versatility become available in the heart of North Corona. Situated on a generous 25x100 lot, this expansive 20x54 building offers approximately 2, 348 square feet of living space, providing a premier opportunity for a savvy investor or an end-user seeking a high-yield primary residence. For the buyer looking to live in one unit while renting the other, this property serves as an ideal "mortgage helper, " where the significant rental income from either the five-bedroom or four-bedroom unit can substantially offset monthly carrying costs. The first-floor residence is a sprawling five-bedroom apartment featuring a welcoming living room, a full bathroom, and a functional kitchen. This unit offers seamless access to both the private backyard—perfect for outdoor entertaining—and a fully finished basement that includes an additional bathroom for added convenience. The second-floor apartment is equally impressive, offering a bright and airy layout with four bedrooms, a dedicated living room, a full bathroom, and a private kitchen. Because the home is fully detached, every room benefits from natural light and improved privacy compared to typical semi-attached row houses, a feature that commands premium rents in the current market. Financially, the property remains manageable with annual real estate taxes of $8, 041. Investors will appreciate the high bedroom count and the strong rental demand in this transit-rich pocket of Queens. The location is a commuter’s dream, offering swift access to the 7 train at Junction Boulevard for a direct route into Manhattan. Residents will enjoy being minutes away from the world-class recreation of Flushing Meadows Corona Park, Citi Field, and the diverse culinary and shopping destinations along Northern Boulevard and Roosevelt Avenue. With its massive footprint and prime location near major transportation hubs and LaGuardia Airport, 96-12 34th Avenue represents a premier piece of Queens real estate with immense upside potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,348,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,078,400 | $1,078,400 | $1,078,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $670 | $670 | $670 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,872 | $6,379 | $8,883 |
| Total Monthly Payment | $6,667 | $7,174 | $9,678 |
* 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.