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Prime Astoria 2-Family Opportunity – Steps from Broadway & Transit Location, potential, and opportunity come together in this brick two-family home located on a quiet, tree-lined block in the heart of Astoria. Just one block from the Broadway N/W subway station and less than half a mile from the Steinway Street M/R trains, this exceptional location offers convenient access to Manhattan in under 10 minutes while placing you moments from Astoria's renowned restaurants, cafés, shopping, parks, and vibrant local businesses. Configured as a two-family residence, the property features a spacious three-bedroom duplex on the first and ground floors with direct access to the backyard, plus a two-bedroom apartment on the upper level. The owner had begun a complete gut renovation, creating a rare opportunity for the next owner to customize and complete the project to their own specifications. The property is being sold as-is and has no violations. Zoned R5 with approximately 2, 822 square feet of maximum buildable potential, this property presents an attractive opportunity for investors, developers, and end-users seeking long-term upside in one of Queens' most sought-after neighborhoods. Whether you're looking to create a custom residence with rental income, renovate and hold as an investment, or explore future development possibilities, this property offers exceptional flexibility and value. Opportunities like this are increasingly rare in Astoria. Call today for additional details and to schedule a private showing.
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Our Executive Mortgage Banker:
$1,288,000
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 | $1,030,400 | $1,030,400 | $1,030,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $810 | $810 | $810 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,851 | $6,261 | $8,695 |
| Total Monthly Payment | $6,786 | $7,196 | $9,630 |
* 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.