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Forget everything you've seen in the "renovated" category — this is the rare one done right. A fully gut-renovated semi-detached two-family on a quiet Maspeth block, delivering over 1, 990 sq ft of finished living space plus a full finished basement, with zero corners cut. Two beautifully designed units — each with its own kitchen, full bath, separate boiler, hot water heater, and electrical panel — means you live in one and collect rent from the other, or house extended family with complete privacy. Both units are separately metered, so each occupant handles their own utilities. Cap rate approx. 6. 5%. The craftsmanship here is the story: ¾-inch solid hardwood floors throughout every level, all-copper plumbing (including a new underground sewer line to the street), brand-new insulation and drywall, three full bathrooms with premium fixtures, and solid interior doors. The kind of bones that hold up for decades — not the flipped-and-filmed variety. Zone heating lets each floor run independently. New roof. Energy-efficient windows throughout. Full electrical systems replaced, with two separate panels. Three security cameras included. This home is genuinely move-in ready — bring your furniture. Steps from Juniper Valley Park, with express bus service to Manhattan (QM24, QM25) and local routes Q18, Q58, Q59, Q67, Q98 nearby. A strong candidate for a 1031 exchange or long-term rental play — or simply the smartest home purchase you'll make this year. Will not last!
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Our Executive Mortgage Banker:
$1,198,000
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 |
|
|---|---|---|---|
| Loan Amount | $958,400 | $958,400 | $958,400 |
| 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% | 6.086% | 6.183% |
| Monthly Tax Payment | $620 | $620 | $620 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,442 | $5,746 | $8,088 |
| Total Monthly Payment | $6,187 | $6,491 | $8,833 |
* 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.