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Modern Two-Family Gem in Prime Bay Terrace – Meticulously Maintained Experience the perfect blend of modern comfort and suburban tranquility in this stunning two-family home. Rebuilt in 2001 and further enhanced with stylish renovations over the last three years, this property sits on a generous 43x100 lot on a lush, tree-lined street. Each floor features a thoughtfully designed 3-bedroom, 2-bathroom layout characterized by: Open-Concept Living: Spacious living and dining areas that flow seamlessly into modern kitchens. Abundant Natural Light: Large windows throughout ensure every room is bright and airy. Modern Climate Control: Dedicated Central AC and Heating systems for each unit. A dedicated private front entrance for the second-floor residence. Located in the highly sought-after Bay Terrace area, this home offers unparalleled convenience: Quick access to the Clearview Expressway and Cross Island Parkway. Commute effortlessly via the QM2/QM32 Express buses to Manhattan or the Q16 to Flushing. Lifestyle & Leisure: Minutes from the Bay Terrace Shopping Center (dining, cinema, and retail), Fort Totten, and scenic oceanside parks. Quiet Convenience: Enjoy the peace of a quiet neighborhood without sacrificing proximity to essential shopping just two blocks away. This property is move-in ready and remarkably easy to show. Don't miss the opportunity to own a high-income potential home in a blue-chip location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,899,000
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 | $1,519,200 | $1,519,200 | $1,519,200 |
| 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 | $642 | $642 | $642 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,507 | $9,231 | $12,718 |
| Total Monthly Payment | $9,274 | $9,998 | $13,485 |
* 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.