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New to market. 90-25A & 90-27 Elmhurst Ave, Jackson Heights, NY 11372. Two semi-attached legal 3-family buildings are offered together. Six rental units with a total of 10 bedrooms and 6 full baths. Two garages. Five assigned parking spaces. Each building offers 2, 680 square feet. Efficient layout. Easy management. Building layout per property: • First Floor: Spacious common lobby, boiler room access, 1 bedroom, 1 bath unit, private garage • Second Floor: 2 bedroom, 1 bath • Third Floor: 2 bedroom, 1 bath. The second-floor unit at 90-27 features a large private deck with access to the yard. Property highlights: • Gas heat • Gas hot water • Spacious lobbies that accommodate secure package delivery • Secure, fenced assigned parking • Two private garages • Side area for organized garbage storage • Rear outdoor space at 90-27 for shared use • Clean mechanical setup. Ideal configuration for investors seeking stable rental income with strong tenant appeal. Separate entrances. Functional layouts. Outdoor space. Parking. Rare combination in this location. Prime setting in Jackson Heights, one of Queens’ most established residential communities. Close to shopping, dining, parks, and daily services along Elmhurst Avenue and nearby corridors. Excellent transportation access • E, F, M, R, and 7 trains at Jackson Heights–Roosevelt Avenue/74th Street station • Multiple bus routes • Quick access to major roadways • Approx. 20 to 25 minutes to Midtown Manhattan. Strong rental demand. Desirable neighborhood. Turnkey multi-family asset with parking and outdoor space. The properties are being sold as a package and can be financed separately with a 2-4 unit mortgage. Both Properties have surveillance cameras w/NVRs installed in the 90-27 Garage. Both properties are registered with HPD. Brick Pointing was done in approx. 2018. New windows on the 1st and 3rd floors, approx. 2018.
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Our Executive Mortgage Banker:
$3,600,000
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 | $2,880,000 | $2,880,000 | $2,880,000 |
| 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% | 6.361% | 6.183% |
| Monthly Tax Payment | $2,286 | $2,286 | $2,286 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,352 | $17,733 | $24,303 |
| Total Monthly Payment | $18,763 | $20,144 | $26,714 |
* 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.