Don’t miss the opportunity to own a beautiful brick, semi-detached legal two-family home in one of the most desirable neighborhoods of Queens. This property offers both comfort and convenience, making it an ideal option for end-users or investors alike. The home features a one-bedroom apartment on the top floor and a two-bedroom apartment on the first floor, plus a finished basement. The rent for a one-bedroom apartment can go from 2, 300 and up and a two-bedroom apartment can be rented for 2, 600 and up. The house also features a detached garage along with a private carport in front of the house, providing ample parking—an incredible advantage in this sought-after location. Its solid brick construction ensures durability and timeless appeal. Located in the heart of Rego Park, this residence is surrounded by a variety of amenities such as restaurants, shops, supermarkets, schools and recreational facilities. You’ll enjoy easy access to public transportation as well. Whether you’re looking to live in one unit and rent out the other, or simply maximize investment potential, this property offers flexibility and opportunity. With its unbeatable location, strong curb appeal, and versatile layout, this home is truly a gem in today’s market. LET'S GO!!! TAKE ADVANTAGE OF THIS GREAT PRICE REDUCTION. --
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Our Executive Mortgage Banker:
$1,050,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $840,000 | $840,000 | $840,000 |
| 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 | $700 | $700 | $700 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,704 | $5,104 | $7,032 |
| Total Monthly Payment | $5,529 | $5,929 | $7,857 |
* 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.