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Rare Mixed-Use Opportunity on Oversized Double Lot in Prime Mineola Location! Situated on an expansive 100 x 100 property, this well-maintained home offers over 3, 000 sq ft of versatile living and income-producing space—perfect for investors, end-users, or developers. With potential to subdivide or build (buyer to verify), this is a unique chance to maximize value in a highly desirable area. The residential portion features a spacious layout with a large eat-in kitchen with sliders to the backyard, and a fully finished two car garage. An oversized formal dining room, and a generous living room with fireplace. The first floor also includes a large bedroom and 1. 5 baths, while the second level offers two additional bedrooms and another full bath. The home is equipped with a updated gas heating system, gas hot water, and gas cooking. The mixed-use component includes a separate office/professional space with reception area and two half baths—ideal for generating rental income or running a business. Additional highlights include a full basement with high 8. 5 ft ceilings and a separate outside entrance, offering excellent storage or finishing potential. Unbeatable location just blocks from NYU Langone Hospital, close to vibrant downtown Mineola with shopping and dining, and near the LIRR station—only approximately 30 minutes to Manhattan. Whether you’re an investor, contractor, or end-user looking for space and opportunity, this property delivers exceptional potential in a prime location.
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Our Executive Mortgage Banker:
$1,199,000
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 | $959,200 | $959,200 | $959,200 |
| 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 | $1,523 | $1,523 | $1,523 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,297 | $5,751 | $7,965 |
| Total Monthly Payment | $6,945 | $7,399 | $9,613 |
* 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.