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Welcome to this detached two-family home located on a generous 25 x 100 lot in the desirable College Point neighborhood, zoned R4A. Recently updated and thoughtfully cared for, this property offers exceptional flexibility for both end-users and investors alike. A full gut renovation with extension was completed in 2012, along with a recently installed new roof, providing added value and peace of mind. Each unit features a bright 2-bedroom, 1-bath layout with gleaming hardwood floors, modern stainless steel appliances, and an open kitchen-living area perfect for daily living and entertaining. Each unit is equipped with its own boiler and water heater system. Enjoy a large backyard ideal for gatherings and outdoor entertainment. Conveniently located near major highways, including the Whitestone Expressway (I-678), the Long Island Expressway (I-495), and the Cross Island Parkway, as well as shopping malls and main streets like Flushing Avenue, this home offers excellent access to transit, shopping, dining, and entertainment options. Perfect for buyers seeking comfort, space, and convenience in a prime Queens location with a strong sense of community and growth potential.
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Our Executive Mortgage Banker:
$935,000
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 | $748,000 | $748,000 | $748,000 |
| 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 | $520 | $520 | $520 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,130 | $4,485 | $6,211 |
| Total Monthly Payment | $4,742 | $5,097 | $6,823 |
* 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.