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Spacious full-brick 3-family property in the heart of Flushing, offering three separate apartments across three above-grade levels plus a basement. Situated on an approximately 2, 832 SF lot with a building size of approximately 25' x 48', this property features a total of 8 bedrooms, 5 full bathrooms, and an additional half bathroom, parking for approximately four vehicles plus a garage, and a highly convenient location near Queens College, Main Street Flushing, shopping, dining, parks, public transportation, and everyday conveniences. The property also offers convenient access to Flushing–Main Street LIRR station and major transit options. Gut renovated in 2015 and offered in move-in-ready condition, the property will be delivered vacant, providing flexibility for end-users and investors alike. Additional improvements include updated electrical and plumbing systems, gutter and drainage improvements, balcony decking renovations, and a hot water heater replacement completed in 2019. The first floor features a 2-bedroom, 1-bath apartment with a full-size kitchen and direct access to the backyard. The second floor offers a 3-bedroom, 2-bath apartment with one ensuite bedroom, an additional full bathroom, a full-size kitchen, and balcony access. The third floor features a similar 3-bedroom, 2-bath apartment with one ensuite bedroom, an additional full bathroom, a full-size kitchen, and balcony access. The finished basement offers walk-out access, an additional half bathroom, and washer/dryer access, providing extra usable space and convenience. Each unit offers a spacious layout, full-size kitchen, open living and dining areas, and split-system air conditioning. Skylights above the staircase and in the third-floor bathroom provide additional natural light throughout the upper level. Additional features include a sprinkler system, backyard access, and ample parking accommodations.
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Our Executive Mortgage Banker:
$1,798,000
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 | $1,438,400 | $1,438,400 | $1,438,400 |
| 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 | $919 | $919 | $919 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,167 | $8,624 | $12,138 |
| Total Monthly Payment | $9,211 | $9,668 | $13,182 |
* 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.