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First time on the market! A great opportunity to own a 2-family brick house with orange-tile roof from the 1920’s set on a 30’ x 100’ lot, a detached garage and a backyard with apple and cherry trees. The first unit opens into a bright sunroom with windows on three sides. Beyond a French door is a spacious living room with a wood-burning fireplace. A bathroom/shower sits between the living room and kitchen, while the kitchen connects to a dining area and two additional small rooms. A rear door leads directly to the backyard, garage, and driveway. The second unit, accessed through the side door off the driveway, leads to a large space consisting of a living room, three bedrooms, two full bathrooms and a full kitchen and eating area. As a two-family house, one unit can be an income-producing property or good for a multi-generational family. Centrally located, and adjacent to the Jackson Heights Historic District with Travers Park and Paseo Park along 34th Avenue, the house is close to everything - restaurants, shops, schools, transportation (subway/bus/vehicular) and houses of worship. Ride the subway lines of E, F, M, R, and 7 trains and you’re in Midtown Manhattan in half an hour. In the same family for almost six decades, the house does need significant amount of updating. But here is the opportunity to make it your own, restoring its 1920s “bones” to contemporary taste and needs. However, major upgrades with plumbing and electrical have been completed as well as a new “water heater”. The outside sewer pipe has been replaced.
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Our Executive Mortgage Banker:
$1,350,000
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 | $1,080,000 | $1,080,000 | $1,080,000 |
| 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 | $882 | $882 | $882 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,132 | $6,475 | $9,114 |
| Total Monthly Payment | $7,139 | $7,482 | $10,121 |
* 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.