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Welcome to 149-39 123rd St. in the desirable South Ozone Park area of Queens in NYC. This charming two-family home blends classic character with modern functionality. Built in 1960 on a 3, 900-square-foot lot, the property has been meticulously maintained, with everything updated. It features 2 renovated units, ea. with 3br/1ba. 2 separate gas and electric meters. Second-floor unit offers a spacious kitchen with renovated countertops, appliances, pantry, 3br/1ba, formal dining rm, living rm, wood and ceramic flooring throughout. The first-floor unit boasts a fully updated kitchen with a center island, granite countertops, stainless steel appliances, 3br/1ba, formal dining rm, living rm, wood and ceramic flooring throughout. The basement is fully renovated with high ceilings, brand-new third kitchen, epoxy flooring throughout, plenty of closet space, pantry, laundry rm, utility rm, and 3 separate exits, it can be used for additional income with proper permits. The home also includes a spacious backyard with ceramic deck, a garage, and additional driveway parking for two to three cars. Conveniently located near 5 min. JFK Airport, buses, and subways, and just off the Belt Parkway, this property is only about 25 min. from Manhattan or Long Island, providing easy access to public trans. , places of worship, & shopping. With strong income potential, this property can generate approx. $9, 500+ per month in total, making this an excellent opportunity for seeking flexibility or investors. Don’t miss the chance to own this prime South Ozone Park property with modern updates, meticulous care, and significant financial upside. A must see.
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Our Executive Mortgage Banker:
$1,499,000
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 | $1,199,200 | $1,199,200 | $1,199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.349% | 6.183% |
| Monthly Tax Payment | $704 | $704 | $704 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,809 | $7,384 | $10,120 |
| Total Monthly Payment | $7,638 | $8,213 | $10,949 |
* 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.