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Well-maintained 3-family home built in 2004, situated in the heart of Maspeth. Building size 17x52 on a 2, 504 sq. ft. lot with approximately 2, 652 sq. ft. of living space. The property features a 2-bedroom/1-bath unit on the first floor, a 2-bedroom/1-bath unit on the second floor, and a 3-bedroom/1-bath unit on the third floor. Finished attic with an additional 1-bedroom/1-bath offers flexible bonus space. Separate utilities with 3 gas boilers, 3 gas meters, and 3 electric meters. Annual property tax is approximately $10, 558. Current rental income is approximately $8, 600/month. Conveniently located near I-495, I-278, the Midtown Tunnel, and major bridges with easy access to Manhattan. Close to Q18, Q39, Q47, Q58, QM24 express bus, and connections to the 7, M, and R subway lines. Minutes to Grand Avenue shopping, restaurants, supermarkets, Queens Center Mall, Rego Center, BJ's Wholesale Club, Home Depot, Stop & Shop, Juniper Valley Park, Frank Principle Park, schools, and more. Excellent opportunity for investors or owner-occupants.
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Our Executive Mortgage Banker:
$1,588,000
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 | $1,270,400 | $1,270,400 | $1,270,400 |
| 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 | $880 | $880 | $880 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,213 | $7,617 | $10,720 |
| Total Monthly Payment | $8,218 | $8,622 | $11,725 |
* 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.