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Spacious corner medical / community facility opportunity at 63-14 Queens Boulevard in the heart of Woodside. This modern, elevator building has been fully built out and operated as a college dormitory, offering a turnkey layout that can seamlessly accommodate a wide range of community facility uses, including medical offices, educational institutions, wellness or treatment centers, and professional practices. Current in-place income and additional upside. New owner to reposition or re-lease on their own terms. The floor plan features efficiently sized suites that can be combined or demised, strong natural light, modern systems, and a configuration that supports both private offices and shared common areas. Ideally located along Queens Boulevard with excellent visibility and access, the property benefits from proximity to multiple subway lines, bus routes, and major highways, connecting quickly to Manhattan and the rest of Queens. The surrounding neighborhood includes dense residential blocks, retail corridors, schools, and medical facilities, creating a deep user base for community-focused operators. This offering is well suited for investors or end users seeking stable income today with clear value-add potential through lease-up of the vacant units, programmatic upgrades, or a full repositioning while leveraging the existing dormitory-style infrastructure.
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Our Executive Mortgage Banker:
$4,200,000
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 | $3,360,000 | $3,360,000 | $3,360,000 |
| 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 | $7,643 | $7,643 | $7,643 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,815 | $20,416 | $28,127 |
| Total Monthly Payment | $26,583 | $28,184 | $35,895 |
* 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.