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A Rarely Offered Astoria Investment with Exceptional Utility This thoughtfully reimagined Astoria property pairs two modern duplex residences with a substantial commercial-grade garage, an uncommon offering that blends residential design with meaningful income potential. Comprehensively renovated and extended in 2014, the building was rebuilt with an emphasis on quality and longevity, including updated electrical and plumbing systems, structural reinforcement, Andersen windows, a new roof, and split-system heating and cooling throughout. The property features two well-designed duplex homes, each offering open living and kitchen spaces with 9-foot ceilings, hardwood floors, three bedrooms, and two bathrooms. Both residences enjoy private outdoor patios and dedicated hot water systems. A defining feature of the property is the 625-square-foot three-car garage built with commercial-grade concrete and cinder block construction. With 14-foot ceilings and an additional overhead storage level of approximately 620 square feet, the structure offers flexibility rarely found in residential properties. Two additional outdoor parking spaces bring the total to five parking spaces, with the garage offering standalone rental potential. Situated on a quiet tree-lined street just moments from Astoria’s vibrant Broadway corridor, the property is close to neighborhood cafés, restaurants, and shops, with convenient access to the R and M subway lines for a swift commute to Manhattan. Income and operating details available upon request.
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Our Executive Mortgage Banker:
$1,889,000
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 | $1,511,200 | $1,511,200 | $1,511,200 |
| 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 | $616 | $616 | $616 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,462 | $9,182 | $12,651 |
| Total Monthly Payment | $9,203 | $9,923 | $13,392 |
* 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.