1040 Neilson Street, #4F, Far Rockaway, NY, 11691 | $179,000

Why rent when you can own? Sponsor unit with no board approval required. This large, spacious, fully renovated one-bedroom co-op is bright, inviting, and move-in ready, featuring an open and airy layout, beautiful parquet flooring, neutral tones, and customized closet space throughout. The expansive living and dining area offers flexibility for entertaining, relaxing, or working from home. The brand-new kitchen is tastefully finished with white shaker cabinets, quartz countertops, and stainless-steel appliances, including a refrigerator and gas stove, creating a clean and modern coastal feel. The oversized bedroom offers excellent closet space and comfortably accommodates a full bedroom set with additional room for a sitting area or workspace. Located in a well-maintained brick building featuring laundry facilities, a live-in superintendent, intercom entry, security features, and indoor garage parking subject to availability. Perfectly situated near the beach, the famous Rockaway Boardwalk, and the Ocean Playground, this home offers an incredible year-round coastal lifestyle. Enjoy miles of sandy beaches, waterfront dining, beach cafe's, parks, summer concerts, and breathtaking ocean sunsets. The vibrant Rockaway community continues to grow as one of New York City’s most sought-after beachfront destinations. Conveniently located near shopping, restaurants, transportation, major roadways, JFK Airport, and the A Train for easy access to Brooklyn and Manhattan. Whether you are looking for a primary residence, weekend retreat, or investment opportunity, this home offers exceptional value, location, and lifestyle.

Features

  • Parking: Waitlist
  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Levels: 7
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Laundry Room
  • Year Built: 1960
  • Approx Sq. Feet: 834
  • Water Front: Yes
  • Elem. School: Ps 100 Glen Morris
  • Middle School: John Adams High School
  • High School: John Adams High School
  • School District: Community District 27
  • Pet Policy: Call
  • Appliances: Cooktop, ENERGY STAR Qualified Appliances, Gas Cooktop, Oven, Refrigerator, Stainless Steel Appliance(s)
  • MLS#: 1005511
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/1005511/1040neilsonstreet_farrockaway_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 Coldwell Banker American Homes   Phone: 516-665-2000

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

1040 Neilson Street, #4F, Far Rockaway, NY, 11691

$179,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $143,200 $143,200 $143,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.358% 6.524% 5.866%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $858 $893 $1,180
Total Monthly Payment $933 $968 $1,255

* 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.