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Queens (Glendale), NY, 11385 | $1,460,000
Great Investment Opportunity! Well-maintained 4-family brick home in prime Glendale/Ridgewood location, just a short walk to the L train at Norman St & Wyckoff Ave. This pre-war building offers approximately 3, 450 SF of living space across four residential units with an average unit size of 863 SF. Built in 1931, the property features classic pre-war architectural details including a decorative cornice, beige brick facade with limestone trim, window surrounds, and horizontal banding between floors. The front entrance includes a covered wooden portico, glass-paneled sidelights, concrete steps with iron stoop railings, and a decorative iron fence with sunburst detailing along the sidewalk. The property also includes a spacious backyard, ideal for outdoor entertaining or gardening. The building also features a full unfinished basement, currently used for storage, with potential for conversion subject to NYC DOB regulations and zoning requirements. Situated on a 25 x 100 lot (2, 500 SF) in an R4-1 zone. Excellent location! Just steps to the B20 bus, close to shopping along Myrtle Ave, restaurants, cafes, and Highland Park. Walk Score of 78 and Transit Score of 84 make this an easy commute to Manhattan. Low flood risk (FEMA Zone X). Annual taxes are approx. $10, 234.
Features
- Town: Queens
- Levels: 2
- Rooms: 16
- Bedrooms: 8
- Baths: 4 full
- Lot Size: 33.33 x 100.00
- Laundry: See Remarks
- Year Built: 1931
- Approx Sq. Feet: 3,450
- Est. Taxes: $10,245
- Pet Policy: Building Yes,Yes
- MLS#: RLS20073528
- Days on Market: 36 days
- Website: https://www.raveis.com
/prop/RLS20073528/8038cypressavenue_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Find Properties Phone: 212-300-6412
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Queens (Glendale), NY, 11385
$1,460,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,168,000 | $1,168,000 | $1,168,000 |
| 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% | 5.984% | 5.689% |
| Monthly Tax Payment | $854 | $854 | $854 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,450 | $6,909 | $9,621 |
| Total Monthly Payment | $7,429 | $7,888 | $10,600 |
* 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