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Middle Village: Spacious legal 2-family brick home in the heart of Middle Village, Queens! This 20x55 2-family home has two large apartments, both with ample natural sunlight from windows on both sides of the home – the first-floor dwelling features a living room, dining area, modern eat-in kitchen, full bathroom, and 2 bedrooms. The second-floor dwelling features a living room, modern kitchen, full bathroom, and 3 bedrooms. The basement, providing yard access, is fully finished and has a full bathroom. The rear private fenced-in yard provides peace and tranquility, a true escape from the everyday hustle and bustle of Queens living. The property has been well-maintained, and has a brand new gas hot water heater! This property provides the peacefulness of a residential area while still having easy access to the amenities and entertainment options of the city. Conveniently located near Metropolitan Avenue for easy access to shopping, restaurants, and local transportation options such as the local Q29, Q47, and Q54 bus lines as well as the first stop on the M Train to Manhattan on Metropolitan Avenue. Excellent opportunity for a 1031 exchange. Vacant on title.
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Our Executive Mortgage Banker:
$1,098,000
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 | $878,400 | $878,400 | $878,400 |
| 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 | $526 | $526 | $526 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,987 | $5,408 | $7,412 |
| Total Monthly Payment | $5,638 | $6,059 | $8,063 |
* 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.