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Spacious and full of potential, this 2-bedroom, 1-bath co-op at The Catalina in desirable Bay Terrace offers a fantastic opportunity to create your ideal home. Located just moments from the Bay Terrace Shopping Center, this well-proportioned apartment features a flexible layout and generous room sizes throughout. A large entry foyer welcomes you into this sun-filled apartment, complete with abundant closet space, including a sizable walk-in closet. The “L”-shaped living room provides distinct areas for both relaxing and dining, while the eat-in kitchen offers a practical pass-through design with dual entrances—ready for your personal updates and vision. The oversized primary bedroom and spacious second bedroom add to the apartment’s appeal, offering comfort and versatility with the option to convert the dining area into a third bedroom. Maintenance includes all utilities for added convenience. Residents enjoy access to two parking lots (assigned space available for $40/month), a private gated playground, landscaped grounds with seating areas, and a lobby-level laundry room. Ideally situated with transportation at your doorstep, including the QM2 express bus to Manhattan and the Q28 to Flushing. Enjoy close proximity to some of Bayside’s best outdoor spaces, including Little Bay Park, Fort Totten Park, and the Joe Michaels Mile—offering scenic waterfront paths, trails, and abundant recreational opportunities just moments from home. Schools are in close proximity and nearby Bell Boulevard offers restaurants, shopping and the Bayside LIRR station. A true Bay Terrace must-see with incredible upside! (Photos have been virtually staged [furninture only] to illustrate potential. )
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Our Executive Mortgage Banker:
$265,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $212,000 | $212,000 | $212,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,305 | $1,339 | $1,760 |
| Total Monthly Payment | $1,380 | $1,414 | $1,835 |
* 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.