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Exceptional Opportunity in the Award-Winning Herricks School District! This is a rare opportunity to update, renovate, re-imagine, or rebuild in one of New Hyde Park’s most sought-after neighborhoods. Situated on a quiet dead-end street and directly adjacent to the expansive playground and fields of Denton Avenue Elementary School, this property offers tremendous potential in a premier location. Featuring 5 bedrooms, bonus room (bedroom/office) and 3 full baths, this home has been lovingly maintained by the same family for over 50 years and is being offered for the first time. Beautiful hardwood floors, abundant natural light, and classic charm provide the perfect foundation for your vision. The flexible floor plan includes first-floor bedroom and a full bath, offering versatility for a variety of living arrangements. The fully finished basement adds valuable living and storage space and includes a dedicated laundry room and pantry area, proving excellent functionality for every day living. Enjoy a spacious, fenced backyard ideal for entertaining, barbecues, holiday gatherings, or simply relaxing and enjoying suburban life. A detached garage and desirable end-block location further enhance the property’s appeal. Conveniently located near major highways, public transportation, and the LIRR, providing easy access to NYC, LI destinations, and the Hamptons. Luxury shopping, dining, and entertainment await nearby at the Americana Manhasset. Offering exceptional upside and value within the highly acclaimed Herricks School District, this is one of the best opportunities currently available in New Hyde Park. Whether you’re a homeowner looking to create your dream home or an investor seeking your next project, this property presents endless possibilities in an unbeatable location.
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Our Executive Mortgage Banker:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
| 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% | 6.121% | 6.183% |
| Monthly Tax Payment | $1,107 | $1,107 | $1,107 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,769 | $5,036 | $7,088 |
| Total Monthly Payment | $6,001 | $6,268 | $8,320 |
* 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.