ATTENTION BUILDERS & DEVELOPERS – 106-01 Liverpool Street, Jamaica NY This is the kind of opportunity you don’t sit on. Offered for sale is a three-family home PLUS two adjacent vacant lots, creating a combined footprint of approximately 50’ x 100’ in an R4-1 zoning district. This multi-parcel package is ideal for builders, developers, and value-add investors looking for their next project site in a rapidly growing Jamaica corridor. All development potential should be confirmed by the purchaser with their architect and the NYC Department of Buildings. The existing three-family property provides immediate income while plans and approvals are pursued. The adjoining vacant lots offer the flexibility to build, expand, or reconfigure based on your vision and zoning allowances. Located just off the Sutphin Boulevard commercial corridor, the site benefits from strong retail presence, transportation access, and tenant demand. Nearby are the LIRR/AirTrain hub, bus routes, shopping, dining, and major thoroughfares — a prime setup for any future residential development. Property Highlights Calling all builders and developers Three-family home plus two adjacent vacant lots Combined lot size approx. 50’ x 100’ R4-1 zoning Income-producing potential while you plan your project Minutes from Sutphin Blvd commercial district and major transit Bring your architect. Bring your vision. Sites like this are getting harder to find.
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Our Executive Mortgage Banker:
$1,499,900
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,199,920 | $1,199,920 | $1,199,920 |
| 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% | 6.212% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,719 | $7,291 | $10,045 |
| Total Monthly Payment | $6,844 | $7,416 | $10,170 |
* 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.