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This legal two-family residence 6 Bedrooms 2. 5 Bathrooms with a Driveway at 69-12 Cloverdale Blvd presents a rare chance to design your dream multi-generational home in the heart of Oakland Gardens, Queens. Built in 1950, this solid 2, 340-square-foot structure sits on a generous 40' x 100' lot. Your Vision, Your Home: The residence is preserved in its original condition and requires renovations and updates, making it a fantastic opportunity to customize every finish. Whether you’re looking to create a modern open-concept layout or preserve the classic charm, this home is a true blank canvas awaiting your personal touch. Space to Grow: Flexible Layout: A legal 2-family configuration featuring 6 spacious bedrooms and 2. 5 bathrooms—perfect for live-plus-income potential with a driveway. Private Backyard: The 4, 000-square-foot lot provides a massive space for a playground, summer BBQs, or a lush garden retreat. Neighborhood Lifestyle: Situated in the prestigious School District 26, with zoning for PS 213, JHS 74, and Benjamin N. Cardozo High School. Nature at Your Door: Enjoy weekend strolls through Alley Pond Park or bike rides along the Vanderbilt Motor Parkway. Suburban Convenience: Minutes from Bell Blvd’s dining scene and Key Food, with seamless commutes via the QM5, QM8, and QM35 express buses to Manhattan. Bring your contractor and your imagination to build lasting sweat equity in a community known for its quiet, "suburban in the city" atmosphere.
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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Our Executive Mortgage Banker:
$1,699,999
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 | $1,359,999 | $1,359,999 | $1,359,999 |
| 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 | $968 | $968 | $968 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,616 | $8,264 | $11,385 |
| Total Monthly Payment | $8,709 | $9,357 | $12,478 |
* 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.