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Welcome to 182-16 141st Avenue in Springfield Gardens — a solid two-family home on a quiet residential block with incredible commuter convenience. Built in 1930, this property offers classic character, including a fireplace, and features two units — a two-bedroom on the first floor and a one-bedroom upstairs. Each unit has its own full bathroom, making it ideal for investors or end-users looking to offset their mortgage with rental income. Location is a major highlight. Just minutes from JFK Airport and close to the Long Island Rail Road with direct access to Penn Station in approximately 15 minutes. The Q5 and Q85 bus lines are one block away, making daily commuting simple. Everyday essentials and major retail are all within 5–10 minutes, including Green Acres Mall, Five Towns Shopping Center, Starbucks, Chick-fil-A, Costco, Planet Fitness, Target, Stop & Shop, Home Depot, and the UPS Distribution Center. The expanding Resorts World development is also just 10 minutes away, adding long-term growth potential to the area. Whether you're looking for an income-producing property or a multi-generational setup in a highly connected location, this is a strong opportunity. Home is being sold "as is" with tenants in place, will not be delivered vacant.
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Our Executive Mortgage Banker:
$859,000
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 | $687,200 | $687,200 | $687,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $581 | $581 | $581 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,848 | $4,176 | $5,753 |
| Total Monthly Payment | $4,521 | $4,849 | $6,426 |
* 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.