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Prime investment 3-Family brick property nestled in desirable Fresh Meadows, Queens (SD26), built 2004 on a 40x100 lot (~4, 000 sqft lot, total gross building 3, 402 sqft). All three units feature functional floorplans with bright natural light, full kitchens & full baths, ideal for rental cash flow or owner-occupancy with two units generating passive income. Well-maintained building structure, low deferred maintenance, finished basement with extra usable space for storage or potential expansion. Private driveway provides off-street parking for multiple vehicles; spacious rear yard for outdoor use. Unbeatable location steps to local Q17/Q88 bus routes, quick access to LIE & Grand Central Pkwy for Manhattan commute. Minutes to Fresh Meadows Shopping Center, supermarkets, dining, Kissena Park, zoned for top-rated PS173, JHS216 & Francis Lewis HS, highly popular among renters & investors for strong rental demand and consistent property appreciation. Turn-key multi-family investment with proven rental history, rare well-built newer construction in Fresh Meadows market.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$2,288,888
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 | $1,831,110 | $1,831,110 | $1,831,110 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,315 | $1,315 | $1,315 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,397 | $10,978 | $15,452 |
| Total Monthly Payment | $11,837 | $12,418 | $16,892 |
* 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.