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KINDLY NOTE, ALL OPEN HOUSES ARE BY APPOINTMENT ONLY Investor opportunity in prime Long Island City. This spacious 1, 210 SF two-bedroom, two-bath residence is being offered with a tenant in place, providing immediate rental income from day one. The well-proportioned layout features soaring 11-foot ceilings and floor-to-ceiling windows, creating an airy, light-filled living space that continues to attract strong tenant demand. The open kitchen is equipped with premium stainless steel Viking and Sub-Zero appliances and Kohler fixtures, offering the level of finish today’s renters expect. Brazilian cherry hardwood floors run throughout, and both full bathrooms are windowed and finished with Appiani Italian tile. Generous closet space, quality materials, and a highly desirable Long Island City location make this a compelling addition to any investment portfolio. A turnkey, income-producing asset in one of NYC’s most dynamic rental markets. *photos are from different D lines in the building, some are virtually staged
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.
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Our Executive Mortgage Banker:
$1,268,000
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 | $1,014,400 | $1,014,400 | $1,014,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,760 | $6,164 | $8,560 |
| Total Monthly Payment | $5,885 | $6,289 | $8,685 |
* 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.