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Presented by
Heather Ferrari Homes |
Set on an oversized approximately 87' x 121' lot in the prestigious Malba enclave, this stately residence offers a rare opportunity to create a refined home in one of Queens’ most exclusive waterfront communities. With generous proportions, classic architectural details, and expansive outdoor space, the home provides an exceptional foundation for a thoughtful renovation. A circular driveway enhances the home’s presence and provides convenient access to a two-car garage. From there, you are welcomed inside by a beautiful front entryway that introduces the home’s character and scale. The first floor unfolds into a formal dining room, with crown molding featured throughout much of the home, along with an adjacent office. A spacious living room with a fireplace serves as the heart of the home, while an additional room offers flexibility for a den, playroom, or private sitting area. The eat-in kitchen is complemented by a half bath and a dedicated laundry room, and opens directly to a large patio. Perfect for outdoor dining and entertaining, this space allows for a seamless indoor to outdoor lifestyle ideal for gatherings or quiet everyday enjoyment. Upstairs, the second level features three bedrooms and two full bathrooms, including a primary suite with its own private bath, as well as a second full bathroom serving the remaining bedrooms. A finished attic level offers two additional rooms that can be used to suit your needs, whether for a home office, guest space, gym, or creative studio. The renovated full finished basement provides valuable additional living space, ideal for a media room, recreation area, home gym, or extended living quarters, depending on your needs. For buyers seeking to personalize a home without starting from the ground up, this property presents a unique opportunity to renovate and elevate an already substantial residence into a custom luxury home. The expansive lot further enhances the offering, allowing for curated outdoor living, landscaping, or future enhancements. Positioned on a tree lined block within Malba, the home offers a rare balance of privacy and accessibility, with close proximity to the waterfront, major highways, and an easy commute to Manhattan. Opportunities to create a bespoke residence in Malba are limited. *Some photos are virtually staged
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,695,000
Sales Associates
William Raveis Real Estate
Phone: 917.609.5557
HeatherFerrariHomes@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 413.626.5626
Michele.Welch@raveis.com
NMLS Mortgage Loan Originator ID 293220
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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 | $2,156,000 | $2,156,000 | $2,156,000 |
| 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 | $1,397 | $1,397 | $1,397 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,242 | $13,100 | $18,194 |
| Total Monthly Payment | $13,764 | $14,622 | $19,716 |
* 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.