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This renovated two family home in prime Ozone Park was taken down to the beams and rebuilt with intention, quality, and long term durability in mind. Featuring five bedrooms with the potential for more, four full bathrooms, and four kitchens, this property offers exceptional flexibility for both end users and investors alike. From the moment you arrive, custom masonry and Italian stonework set the tone. Granite steps lead to a beautifully finished entry, while the fully cemented yard with integrated drainage system and custom lighting reflects thoughtful exterior upgrades that are both functional and built to last. Inside, the home offers tremendous scale with high ceilings, expansive living areas, and tile and wood flooring throughout. Multiple kitchens with custom cabinetry provide versatility for extended living or income producing configurations. Every major system has been updated, including completely redone electric with three panels, updated plumbing, new sheetrock, and added steel support beams in the basement for structural integrity. The walkout basement with multiple outside separate entrances is fully finished and adds another layer of usable space, ideal for recreation, extended living, or additional functionality. The rear yard is equally impressive, fully cemented with a drainage system, and finished with a granite patio, granite steps, and multiple custom light fixtures. Gas hookup in the yard adds even more convenience for outdoor use and entertaining. Situated on a 25 x 100 lot, this property is ideally located near schools, shopping, houses of worship, and every major mode of transportation. Whether you are looking for a strong income producing asset or a home that offers the ability to offset your mortgage with additional living space, this property delivers on both.
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Our Executive Mortgage Banker:
$1,199,000
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 | $959,200 | $959,200 | $959,200 |
| 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 | $524 | $524 | $524 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,371 | $5,828 | $8,030 |
| Total Monthly Payment | $6,020 | $6,477 | $8,679 |
* 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.