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A rare opportunity to own a detached single-family home in the heart of Throggs Neck. Set on a 2, 325 sq ft lot with R3A zoning, this 1, 446 sq ft residence offers space, character, and meaningful upside for buyers and investors alike. The home features three generously sized bedrooms, two full bathrooms, and a flexible layout with a large living room, formal dining area, and eat-in kitchen on the main level. Hardwood floors run throughout, and the full walkout basement adds significant bonus living space, a full bathroom, and direct backyard access — ideal for extended family or recreation. A finished attic provides additional storage. Major systems are well-maintained, including dual-zone natural gas heating and a roof approximately five years old. The private backyard is unusually generous for the area, with a mix of patio and lawn perfect for entertaining or gardening. Located just 0. 1 miles from the Bx40, Bx42, and BxM9 bus lines, with quick access to I-95, the Hutchinson River Parkway, SUNY Maritime, and Ferry Point Park. While the interior would benefit from cosmetic updates, the bones, layout, and location make 535 Edison Avenue an excellent candidate for an end-user looking to customize their forever home or an investor seeking strong value in a stable neighborhood.
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Our Executive Mortgage Banker:
$589,000
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 | $471,200 | $471,200 | $471,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $540 | $540 | $540 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,901 | $3,017 | $3,945 |
| Total Monthly Payment | $3,533 | $3,649 | $4,577 |
* 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.