Presented by
Joshua Seals |
•••A Buyer’s Dream in the Heart of Ditmars, Astoria!••• Spacious Three-Bedroom Duplex Plus an Additional Apartment Offers Great Income Potential. This well-positioned, versatile, two-family property offers income flexibility and long-term upside in one of Astoria’s most desirable neighborhoods. Set on a 20 x 90 lot, the home spans approximately 2, 000 sq ft of interior space across three levels, delivering a layout that works equally well for investors, owner-occupants or a single end-user seeking generous space. THE DUPLEX UNIT First Floor: Entry foyer leads into a spacious living room, followed by a large eat-in kitchen with access to the backyard. A full bathroom and laundry area complete this level. The kitchen’s layout makes indoor-outdoor entertaining seamless, with immediate access to the open backyard space. Second Floor: • King-size primary bedroom with en-suite full bathroom and double closet • Second bedroom comfortably fits a queen-size bed • Third bedroom, ideal as a guest room, nursery, or home office • Shared half bathroom accessible to both secondary bedrooms • Closets in all bedrooms • Additional storage space throughout *This level provides a true three-bedroom layout rarely found in comparable properties. TOP FLOOR APARTMENT (Approx. 650 sq ft) A separate one-bedroom unit featuring: • Large bedroom • Spacious Living room • Eat-in kitchen • Full bathroom • Ample storage space *This unit offers immediate rental income potential, helping offset mortgage costs or significantly improve cash flow for an investor. OUTDOOR SPACE: • Spacious front porch • Large private backyard • Custom-built cinder-block outbuilding, electrically wired, ideal for storage or workshop use. PARKING: • Off-street parking for one vehicle. INVESTMENT USE & FLEXIBILITY This property offers three clear paths: 1) Investor Opportunity - Rent both units for strong income potential in a high-demand Ditmars location. 2) Owner-Occupant Strategy - Live comfortably in the duplex while generating income from the top-floor apartment to reduce monthly carrying costs. 3) Single-Family Conversion - Utilize all three levels as one expansive residence for yourself, creating a substantial multi-level home in the heart of Astoria. LOCATION: Positioned just one block from the center of Ditmars Boulevard in Astoria, surrounded by restaurants, cafes, markets, and nightlife, all within a two-block radius, and walking distance to Astoria Park. TRANSPORTATION: • Less than 5-minute walk to the Ditmars Boulevard N/W Station • Approx. 20-minute subway ride to Manhattan • Convenient access by car to ALL major highways and bridges. SPECIFICATIONS: Lot Size: 20 x 90 • Building Size: 20 x 33 • Approx. Interior: 2, 000 sq ft • Taxes: $10, 792 • Zoning: R5D **This is a rare opportunity to secure a versatile, income-producing property in a prime Astoria location with long-term upside and multiple use scenarios.
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$1,325,000
Sales Associate
William Raveis Real Estate
Phone: 860.338.6485
Joshua.Seals@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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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 | $1,060,000 | $1,060,000 | $1,060,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $899 | $899 | $899 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,853 | $6,355 | $8,802 |
| Total Monthly Payment | $6,877 | $7,379 | $9,826 |
* 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.