Located on one of the most prestigious and tightly held blocks in Astoria’s coveted Ditmars section, this legal three-family brick residence presents a rare opportunity in a premier residential setting. The building size is 20 x 60, offering impressive scale, flexibility, and income potential. The expansive first floor spans approximately 1, 200 square feet. It is currently configured as a spacious 2-bedroom, 2-bath residence — ideal for an end user seeking substantial living space while benefiting from rental income above. The layout also provides the opportunity to duplex the first floor with the full basement, creating an even larger owner’s residence with extended living and recreation space. The second level features two large one-bedroom apartments, creating strong income potential in this free-market building. Whether you choose to occupy and offset your mortgage or maximize returns as a pure investment, the layout supports both strategies seamlessly. Additional highlights include: • Full basement offering substantial storage, recreation, or potential duplex expansion • Brand new roof • Private two-car garage in the rear • Classic brick facade with timeless curb appeal Positioned just moments from Ditmars Boulevard and the N/W train, this address offers immediate access to Astoria’s most vibrant dining, cafes, boutique shopping, and neighborhood conveniences. Astoria Park, waterfront views, and major thoroughfares are all nearby, enhancing both lifestyle appeal and long-term value. This is a rare chance to secure a legal three-family on one of Astoria’s most desirable residential streets — ideal for an end user, investor, or long-term portfolio hold.
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Our Executive Mortgage Banker:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
| 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 | $900 | $900 | $900 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,949 | $8,620 | $11,814 |
| Total Monthly Payment | $8,974 | $9,645 | $12,839 |
* 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.