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Package Deal. 3 Properties. Currently Two House and One Vacant Land. Total Lot Size : 29, 650 Sqft . Total Price: $6, 000, 000, Address & Land: 93-44 224th St, Queens Village (100 x 100 Ft Lot) ; 93-50 224th St, (75 x 100 Ft Lot) and Vacant Land (Block & Lot 10741-0216) 75x162 Ft. Lot. Introducing an exceptional opportunity to acquire a substantial land assemblage in the heart of Queens Village, located at 93-44 224th Street, 93-50 224th Street, and an adjacent vacant parcel. Together, these three properties span a total lot size of approximately 29, 650 square feet, offering incredible potential for residential development, a community facility, or a long-term investment project. Situated just steps away from Jamaica Avenue, residents and developers will appreciate immediate access to everyday conveniences including supermarkets, grocery stores, pharmacies, and a diverse selection of local shops and restaurants. The location also boasts excellent transportation links, with the Bus and LIRR station just a short walk away, providing direct service to Manhattan and Brooklyn, and easy access to major highways such as the Cross Island Parkway and Grand Central Parkway. The property is also minutes from the world-class UBS Arena, offering premier entertainment and event experiences. Surrounded by a wide range of community amenities including schools, parks, houses of worship, and healthcare facilities, this location is ideal for those looking to develop in a highly livable and connected Queens neighborhood. Whether you're an investor, builder, or institution, this is a unique chance to capitalize on a significant piece of land in one of Queens' most accessible and vibrant areas. Don't miss this chance to shape the future of Queens Village with nearly 30, 000 square feet of prime real estate.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,626 | $7,195 | $9,965 |
| Total Monthly Payment | $6,751 | $7,320 | $10,090 |
* 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.