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Built in 2018, this mixed-use property consists of 4 residential apartments plus 1 commercial storefront - offering investors a stable, income-producing asset in the heart of Corona, Queens. All units are currently occupied, allowing the new owner to take over and immediately begin collecting rental income. The building’s modern construction features separate boilers, heating systems, electric meters, and gas meters for each unit, keeping operating costs efficient, with the owner responsible for water. The property also includes THREE deeded PARKING spaces. These features make the property a low-maintenance, turnkey investment ideal for all investors. Ideally located just a short walk to the 7 Train along Roosevelt Avenue, the property provides convenient transportation to Manhattan and surrounding neighborhoods. Multiple nearby bus lines further enhance accessibility for residents and commercial patrons. Situated only two blocks from Park of the Americas, 6-minute drive to Flushing Meadow Corona Park, and 8-minute drive to Citi Field, the building benefits from a vibrant community with strong residential demand and steady foot traffic supporting the commercial space. The adjacent corner building at 43-06 102nd street is also available for sale, offering a rare opportunity to purchase both properties as a package deal. An excellent opportunity to acquire a fully occupied, income-generating mixed-use property in one of Queens’ most active rental markets, offering immediate cash flow and long-term appreciation potential. Rent roll and expenses, available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,288,000
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 | $1,830,400 | $1,830,400 | $1,830,400 |
| 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 | $3,659 | $3,659 | $3,659 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,250 | $11,122 | $15,323 |
| Total Monthly Payment | $14,034 | $14,906 | $19,107 |
* 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.