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Unit 5L at Flushing Commons is a bright, north-facing 2-bedroom, 2-bathroom condo offering a true walk-in closet, oversized bathrooms, and floor-to-ceiling windows — rare features in a Flushing condo at this price. The 5th-floor unit overlooks a landscaped terrace with a dedicated dog run in this pet friendly building. Soundproofed construction keeps the buzz of Flushing Main Street firmly outside. Amenities include 24-hour concierge, residents' lounge, fitness center, private dining area, and garage parking. This Flushing condo carries a 421A tax abatement through 2032 for just $830. 98 in annual property taxes. It is one of the lowest carrying costs in Queens. A rare opportunity for investors, young professionals seeking city living without Manhattan prices, and retirees who value a walkable, transit-rich neighborhood. Steps from the 7 train and LIRR (Midtown Manhattan under 30 minutes), and just 10–20 minutes to LaGuardia Airport. Surrounded by the largest Chinatown in the US, Citi Field, Arthur Ashe Stadium (US Open), and the upcoming Etihad Park (future home of New York City FC). Unmatched access to green spaces including Flushing Meadows Corona Park, Queens Botanical Garden, and Kissena Park — Flushing, Queens at its best.
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Our Executive Mortgage Banker:
$1,145,000
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 | $916,000 | $916,000 | $916,000 |
| 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 | $69 | $69 | $69 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,201 | $5,640 | $7,730 |
| Total Monthly Payment | $5,395 | $5,834 | $7,924 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.