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Exceptional opportunity in the heart of Maspeth to own a legal two-family home with tremendous versatility and income-producing potential. This uniquely designed property features a spacious, fully finished basement and will be delivered completely vacant, making it ideal for owner-occupants, multi-generational living, or savvy investors seeking strong rental income. The first-floor apartment offers 5 well-appointed rooms, including 2 bedrooms, while the second-floor features a generous 6-room layout with 3 bedrooms and a dedicated home office. A striking spiral staircase provides direct access between the main and lower levels, creating a desirable duplex-style living arrangement with additional flexibility. Each apartment is equipped with its own separate heating system and hot water unit, ensuring independent climate control and convenience for occupants. The fully finished basement offers valuable bonus space that can accommodate a variety of lifestyle needs. Adding to the property's appeal are remarkably low annual taxes of just $5, 700 for the 2026/2027 tax year, helping to maximize affordability and investment returns. Perfectly situated on a quiet residential block, this home enjoys convenient access to public transportation, shopping, restaurants, schools, parks, and all the amenities that make Maspeth one of Queens' most desirable neighborhoods. Move right in, customize to your taste, or capitalize on its excellent investment potential—this is an opportunity not to be missed.
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Our Executive Mortgage Banker:
$1,079,000
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 | $863,200 | $863,200 | $863,200 |
| 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 | $469 | $469 | $469 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,901 | $5,175 | $7,284 |
| Total Monthly Payment | $5,495 | $5,769 | $7,878 |
* 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.