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Welcome to 18-31 121st Street, a modern two-family brick residence built in 2004 and offering approximately 2, 162 square feet of living space in the highly desirable College Point neighborhood. This well-maintained property presents an exceptional opportunity for both luxury living and strong investment potential, ideal for end-users seeking rental income or investors looking for a turnkey multi-family asset. Unit 1 features a spacious layout with a bright living area, full kitchen, comfortable bedroom configuration, and well-appointed bathroom. The unit offers excellent flow, generous room sizes, and direct access to additional space ideal for recreation, storage, or extended living. Perfect for owner occupancy, this level provides both privacy and functionality. Unit 2 offers a sun-filled upper-level residence with an open living and dining layout, full kitchen, generously sized bedrooms, and full bathroom. The upper unit benefits from natural light, efficient layout, and comfortable living proportions, making it highly attractive for rental income or multi-generational living. The property sits on a 21 x 100 lot and includes a private driveway and built-in garage, providing convenient off-street parking — a valuable feature in College Point. Solid brick construction, modern mechanicals, and separate living spaces enhance both long-term value and income potential. Located on a quiet residential block, the home is close to shopping, restaurants, waterfront parks, and schools. Transportation is easily accessible via Q25, Q65, Q20A, and Q20B bus lines with direct service to Downtown Flushing, along with convenient access to major highways and LaGuardia Airport. This is a rare opportunity to own a newer construction two-family home combining comfortable living, parking, and strong income potential in one of Queens’ most sought-after neighborhoods.
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Our Executive Mortgage Banker:
$1,250,000
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 | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $826 | $826 | $826 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,678 | $6,076 | $8,439 |
| Total Monthly Payment | $6,629 | $7,027 | $9,390 |
* 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.