36-11 Utopia Parkway, Flushing, NY, 11358 | $1,499,000

36-11 Utopia Parkway is a detached brick legal 2-family home, currently being used and taxed as a 4-family property. Built in 1975, this well kept income-producing property offers approximately 4, 662 sq. ft. of building space on a 5, 153 sq. ft. irregular lot. Lot size is approximately 85 x 44 IRR, with a building size of approximately 74 x 21. The second and third floor apartments each feature spacious layouts with 3 bedrooms, 2 full bathrooms, living room, dining room, kitchen, and a private balcony. The first floor apartment offers 1 bedroom, 1 full bathroom, living room, dining room, and kitchen. The lower level apartment includes 1 bedroom, 1 bathroom, living room, and kitchen/dinette area. Additional features include a 1-car attached garage and two long private driveways, providing excellent parking convenience. The property is fully rented with no leases, and all tenants are currently month-to-month. Conveniently located a very short distance to Auburndale LIRR Station, Northern Boulevard, and Francis Lewis Boulevard, with easy access to shopping, dining, transportation, and neighborhood amenities. A solid brick income-producing property in a highly convenient Flushing location with strong potential. Buyer should independently verify all information, use, occupancy, taxes, and property details.

Features

  • Bedrooms: 8
  • Baths: 6 full
  • Style: Duplex
  • Year Built: 1975
  • Garage: 1-car
  • Heating: Hot Water, Natural Gas, Other
  • Cooling: Wall/Window Unit(s)
  • Basement: Finished, Full, See Remarks
  • Acreage: 0.09
  • Est. Taxes: $27,485
  • Elem. School: Ps 173 Fresh Meadows
  • Middle School: Jhs 216 George J Ryan
  • High School: Francis Lewis High School
  • School District: Community District 26
  • MLS#: 1000582
  • Website: https://www.raveis.com
    /eprop/1000582/3611utopiaparkway_flushing_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Douglas Elliman Real Estate   Phone: 516-746-0440

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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36-11 Utopia Parkway, Flushing, NY, 11358

$1,499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 $1,199,200 $1,199,200 $1,199,200
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 $2,290 $2,290 $2,290
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,809 $7,384 $10,120
Total Monthly Payment $9,224 $9,799 $12,535

* 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.