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Welcome to East Elmhurst! Prime 3-family brick home, perfect for an owner-occupant or investor. This well-maintained property features three separate units with strong rental potential. The garden-level offers a 2-bedroom, 1-bath with an updated open-concept kitchen/living area and access to a private backyard. The second floor includes a 3-bedroom, 1-bath with updated kitchen and bath, while the third floor mirrors the layout and offers opportunity for customization. Legally converted from a 2-family to a 3-family per Certificate of Occupancy, the home offers 8 bedrooms total. Each unit has its own boiler, with tenants paying their own heat and cooking gas—ideal for lower expenses. Conveniently located near the Q49, Q33 & Q66 buses, the 7 train at 82nd St–Jackson Heights, E/F/M/R lines, LaGuardia Airport, major highways, schools, shopping, and dining. Disclaimer: Photos were taken at different times and may not reflect the home’s current condition. Please schedule a showing to confirm all current features and finishes.
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Our Executive Mortgage Banker:
$1,489,000
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 | $1,191,200 | $1,191,200 | $1,191,200 |
| 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 | $866 | $866 | $866 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,764 | $7,334 | $10,052 |
| Total Monthly Payment | $7,755 | $8,325 | $11,043 |
* 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.