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Presented by
Rob Young |
205-28 116 Road, Out Of Area Town (Saint Albans), NY, 11412 | $999,999
Welcome to 205-28 116 Road—a rare opportunity to own a brand-new, fully detached two-family home that blends modern luxury with serious income potential. Priced under $1M, this property offers exceptional value with no mansion tax, making it an ideal move for both investors and savvy end-users. Perfectly positioned just off Francis Lewis Blvd, this home has been completely rebuilt from top to bottom with clean finishes, smart layout choices, and flexibility that actually makes you money. The first-floor unit features a well-designed 2-bedroom, 1-bath layout with direct access to a beautifully finished basement. Whether you duplex it for expanded living space or convert the lower level into a separate apartment—with its own private entrance already in place—you’ve got immediate upside. Upstairs, the second unit offers a spacious 3-bedroom, 1-bath layout, plus a fully finished attic with impressive 8-foot ceilings—ideal for additional living space, a home office setup, or added rental value. This is not just a property—it’s a strategic play. Live in one unit, rent the other, or maximize cash flow with two (or even three) income streams. The flexibility here is real, and the potential is wide open. Opportunities like this don’t sit around—especially at this price point.
Features
- Town: Out Of Area Town
- Bedrooms: 5
- Baths: 3 full
- Style: Colonial
- Year Built: 1925
- Garage: 1-car
- Heating: Baseboard
- Cooling: None
- Basement: Finished, Walk-Out Access
- Est. Taxes: $5,926
- MLS#: 992255
- Days on Market: 17 days
- Website: https://www.raveis.com
/prop/992255/20528116road_outofareatown_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Rob YoungBroker Associate
516.426.8529
Rob.Young@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
205-28 116 Road, Out Of Area Town (Saint Albans), NY, 11412
$999,999
Rob Young
Broker Associate
William Raveis Real Estate
Phone: 516.426.8529
Rob.Young@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $799,999 | $799,999 | $799,999 |
| 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 | $494 | $494 | $494 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,542 | $4,926 | $6,751 |
| Total Monthly Payment | $5,128 | $5,512 | $7,337 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535