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FINALLY HERE — One of Queensboro Hill’s Most Anticipated Properties Has Officially Hit the Market! An extraordinary opportunity to acquire a massive 80' x 100' property comprised of two separate 40' x 100' lots in one of Flushing’s most sought-after and tightly held neighborhoods. Opportunities of this scale and location are exceptionally rare, and buyers, investors, developers, and end-users alike have been waiting for this property to become available. Located in the heart of prestigious Queensboro Hill, this R4-zoned property presents exciting potential for redevelopment, customization, expansion, multi-family use, community facility possibilities, or the opportunity to create a truly exceptional dream property — all with proper plans and permits. Public records currently reflect a 3-family building classification. Property is being sold strictly as-is. Positioned directly across from highly regarded Magnet School PS 120 and conveniently located near Main Street, NewYork-Presbyterian Queens Hospital, Queens Botanical Garden, Flushing Meadows Corona Park, local and express buses, the 7 Train, LIRR Main Street Station, major highways including the Long Island Expressway, Van Wyck Expressway, and Grand Central Parkway. Surrounded by some of Queens’ most desirable educational institutions including Townsend Harris High School, John Bowne High School, and Queens College, along with an incredible selection of shopping, supermarkets, cafés, and renowned restaurants from around the world. A truly rare offering with substantial land, prime location, and endless upside in one of the most desirable neighborhoods in all of Queens. Congratulations in advance to the fortunate buyer who secures this exceptional opportunity. Hurry — properties like this rarely become available and will not last. All information deemed reliable but not guaranteed. Buyers are encouraged to independently verify all information including zoning, property use, permits, certificates, and development possibilities. Subject to errors, omissions, and withdrawal without notice. Exterior showings only at this time. Thank you for your understanding.
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Our Executive Mortgage Banker:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
| 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 | $1,118 | $1,118 | $1,118 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,898 | $17,240 | $23,628 |
| Total Monthly Payment | $17,141 | $18,483 | $24,871 |
* 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.