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Welcome to this unique find in the heart of College Point! This fully detached multi-family home sits on a quiet, tree-lined block, offering space, versatility, and excellent income potential. Ideal for multi-generational living or investment purposes, the property features two spacious, separate units with split systems on each floor. The first-floor unit has its own private entrance, a large living area, one bedroom, two bathrooms, an eat-in kitchen, a dedicated laundry area, and a bonus room that can be used as a home office, den, or guest space. It also offers direct access to the backyard. The second-floor unit includes a living room, formal dining room, dedicated office, a bright kitchen with a skylight, one bathroom, and two generous bedrooms. Additional highlights include a full basement with both interior and exterior access, offering ample storage, workspace, or potential for additional use, plus extra crawl space storage on the first floor. Outside, the property features a private backyard with a saltwater swimming pool, along with a private three-car driveway in front. The property also includes an additional 20x100 rear lot with its own side driveway that can accommodate two more vehicles, providing abundant off-street parking and outdoor space. Set on a 50x100 lot, this home offers a rare combination of space and flexibility in Queens. Conveniently located near LaGuardia Airport, major highways, parks, shopping, dining, and other neighborhood amenities in College Point and Flushing. Whether you are seeking an investment opportunity with rental income potential or a property suited for extended living arrangements, this home presents a variety of possibilities.
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Our Executive Mortgage Banker:
$1,449,999
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 | $1,159,999 | $1,159,999 | $1,159,999 |
| 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 | $893 | $893 | $893 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,496 | $7,048 | $9,711 |
| Total Monthly Payment | $7,513 | $8,065 | $10,728 |
* 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.