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Exceptional opportunity to own a well-maintained income-producing two-family home in the heart of College Point. This versatile property features a spacious 3-bedroom, 1-bath unit on the first floor and a 2-bedroom, 1-bath unit on the second floor, plus a finished walk-up attic offering additional flexible space and a full unfinished walk-out basement with excellent storage potential. Situated on a 25’ x 97’ lot with approximately 2, 600 square feet of interior space, this property is ideal for investors, owner-occupants, or multigenerational living. Low annual property taxes enhance the investment appeal. Located just moments from College Point Boulevard, residents enjoy convenient access to an abundance of shopping, dining, supermarkets, cafes, parks, and everyday amenities. Transportation is a breeze with the Q26 bus stop located on the corner, providing direct service to Downtown Flushing, Main Street, the 7 Train and numerous additional transit connections. College Point has become one of Northeast Queens’ most sought-after neighborhoods, known for its waterfront setting, suburban feel, strong community atmosphere, and proximity to Flushing, Whitestone, and major highways. Continued neighborhood growth and strong housing demand have contributed to sustained property value appreciation throughout the area. A rare opportunity to own a prime income-producing property in one of Queens’ most desirable residential communities. Property Highlights: -Legal Two-Family Home -3 Bedroom / 1 Bath First Floor Unit -2 Bedroom / 1 Bath Second Floor Unit -Finished Walk-Up Attic -Full Walk-Out Basement -Approx. 2, 600 SF Interior -25’ x 97’ Lot (2, 425 SF) -Low Property Taxes -Q26 Bus on Corner to Flushing Main Street & 7 Train -Close to College Point Blvd Shopping & Dining -Excellent Investment or Owner-Occupied Opportunity More photos coming soon.
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Our Executive Mortgage Banker:
$988,000
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 | $790,400 | $790,400 | $790,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $648 | $648 | $648 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,426 | $4,803 | $6,617 |
| Total Monthly Payment | $5,166 | $5,543 | $7,357 |
* 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.