Brown Harris Stevens has been retained on an exclusive basis to represent the sale of 188-02/188-04 Northern Boulevard.
188-02/188-04 Northern Boulevard is a rarely available 5, 230 SF multi-story commercial building, located at the bustling intersection of Utopia Parkway and Northern Boulevard in the heart of Flushing, Queens.
Two occupied offices make up the ground floor on the corner of Northern Boulevard and Utopia Parkway, consisting of an established ophthalmology center and a chiropractic services office. The second floor consists of a real estate and property management services firm. Additionally, the rooftop, also accessed via the second floor, is currently leased by a cell-tower network.
Facing Northern Boulevard, 188-04 Northern Boulevard offers two, currently unoccupied retail (1, 000 SF approx. ) and office spaces (850 approx. ), both with separate entrances and street exposure on Northern Boulevard, providing an excellent opportunity for an owner-user.
Currently zoned R3-2, this property is located within close proximity to La Guardia Airport (5. 3 miles), the LIRR Auburndale Train station (0. 4 miles), Broadway Train station (0. 7 miles), Flushing-Main Street Subway station (2. 1 miles), along with various connecting highways servicing Queens and into Long Island and Nassau County.
Property offering memorandum upon request. Tours to be scheduled by appointment.
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.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.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $3,423,200 | $3,423,200 | $3,423,200 |
| 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 | $3,918 | $3,918 | $3,918 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,639 | $20,250 | $28,198 |
| Total Monthly Payment | $22,682 | $24,293 | $32,241 |
* 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.