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Rare opportunity to own a fully functional income-generating property in the heart of Flushing. This well-maintained detached home sits on a premium 60 x 110 corner lot (approx. 6, 600 sqft) and is currently operating as a New York City licensed Group Family Daycare, offering a unique opportunity to live and run a business in one location. The property features a bright and functional layout with abundant natural light, multiple windows, and flexible interior space, currently configured for daycare use with an open floor plan and dedicated outdoor play area. The secure, fenced yard and large paved outdoor space provide a safe and practical environment for childcare operations. Offering 4 bedrooms and 2 full bathrooms, along with a usable basement with half bathroom and attic, the home provides ample space for both residential living and business use. A private driveway and garage add further convenience—an increasingly valuable feature in this area. Recent improvements include updates to the roof and exterior, helping ensure the property is well-maintained and move-in ready. Strategically located just minutes from Main Street and close to parks, a major hospital, shopping, dining, and public transportation, this property benefits from strong local demand—ideal for continued daycare operations or other potential uses (buyer to verify all use and zoning). A truly rare “live and earn” opportunity combining residential comfort, established business use, and long-term investment value in one of Queens’ most desirable neighborhoods. Opportunities like this are increasingly rare in Flushing. Financials and daycare operation details available upon request.
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Our Executive Mortgage Banker:
$1,790,000
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 | $1,432,000 | $1,432,000 | $1,432,000 |
| 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% | 6.361% | 6.183% |
| Monthly Tax Payment | $1,116 | $1,116 | $1,116 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,131 | $8,817 | $12,084 |
| Total Monthly Payment | $9,372 | $10,058 | $13,325 |
* 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.