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Brand New 2-Family Brick Home in Prime Maspeth Location Near Elmhurst Introducing a brand new construction two-family home located in the highly desirable Maspeth area, just minutes from Elmhurst. Built on a 25x100 lot with a building size of 20x60, this property offers excellent layout, modern design, and strong investment potential. Each floor features a spacious 3-bedroom layout. The second floor includes 3 full bathrooms, while the first floor offers 2 full bathrooms, providing exceptional functionality and flexibility for end-users or investors. The home includes a finished basement with separate entrance and an additional bathroom, as well as a large finished attic. This all-electric home complies with new construction regulations and includes electric stoves. Solar panels will be installed (leased), helping reduce utility costs. Currently under construction with estimated completion around September ; Certificate of Occupancy expected by end of year estimated. Pre-construction opportunity: Buyer may have the ability to customize finishes, including cabinetry and interior details, subject to contract timing. Conveniently located near shopping, transportation, and major highways. Strong rental potential makes this an excellent choice for both investors and end-users.
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Our Executive Mortgage Banker:
$1,980,000
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 | $1,584,000 | $1,584,000 | $1,584,000 |
| 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 | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,747 | $9,497 | $13,154 |
| Total Monthly Payment | $8,872 | $9,622 | $13,279 |
* 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.