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Exceptional investment opportunity in the heart of Great Neck/Village of Thomaston! This meticulously maintained four-family residential building offers four spacious apartments, perfectly designed for strong rental potential. The main level features two units — one charming 1-bedroom apartment and one spacious 2-bedroom apartment. The upper level mirrors the same layout with an additional 1-bedroom and 2-bedroom unit, maximizing versatility for tenants or owner-investors alike. Gorgeous, gleaming hardwood floors in all apartments. Modern White Kitchens with SS Appliances. Roof only a few years young. Updated plumbing and HW Heaters also a few years young. Building is Free Market (not rent controlled) and Al units are currently occupied with a one year lease. The ground level provides convenient on-site laundry for the building along with dedicated utility space. Each apartment is separately metered with 4 gas meters, 4 electric meters, individual gas boilers, and separate hot water heaters, offering efficiency and ease of management. Natural gas cooking and heating throughout, plus gas ranges in every unit. Window A/C units are allowed if tenant chooses to have one. This property presents a rare chance to own a fantastic multi-family building on Long Islands Gold Coast! Highly sought after town of Great Neck. Award Winning Great Neck South SD! This incredible property is ideal for anyone seeking income-producing potential or those looking to expand their real estate portfolio. Four apartments with the potential of adding a legal ground floor apartment. Located on a serene and quiet residential street, adjacent to the beautiful Thomaston Park. Conveniently located, and a commuters dream, less than one mile from the Great Neck Train Station (30 min to Penn). Convenient to Hwys, Public Transportation, Hospitals and Houses of Worship. This is a one in a million property, first time on the market in several decades. Note: The Building Attached (26 Linden is a 5 Units/Commercial, and is also on Market) You Have the Opportunity to Purchase One or both.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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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 | $2,360,000 | $2,360,000 | $2,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,781 | $1,781 | $1,781 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,215 | $14,340 | $19,756 |
| Total Monthly Payment | $15,121 | $16,246 | $21,662 |
* 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.