21 Borcher Avenue, Yonkers, NY, 10704 | $1,439,000
Multi Family House in Lincoln Park section of Yonkers on 100 x 100 Lot - positioned with space on both sides - one side for at least parking for 6 cars and the other side for playing soccer! This house is located on a quiet, tree lined street close to Yonkers Fire and Police Station and close to the beautiful Tibbetts Brook Park and McLaughlin Park. The house and land have great development potential and plans have been drawn to take advantage of this beautiful location and the double lot. Purchaser does not have to develop but can enjoy the property as it is. Many upgrades have been made to the house and the house is in terrific condition. There are new roof, gutters, windows, boiler, hot water heater. etc. The siding was not changed in case someone wants to take advantage of the development potential. There is also a coin operated laundry facility in the basement for additional income. Basement is walk out and has new windows and is a great space. When you are in the house, you can see the Long Island Sound in the distance due to having visibility above other roof lines. You can also watch the horses running around the track from some of the windows. It is a perfect location. It has a rural feel when you are in the yard but can walk to the corner and hop on the number 20 bus and be at the subway in minutes. Apartments are all in move in condition and are all currently rented. This is truly a carefree house and is perfect for someone who wants to complete a 1031 and have a perfectly operating property with future development potential built in. This is truly a "one of a kind" property!
Features
- Amenities: Park
- Bedrooms: 7
- Baths: 3 full
- Laundry: Common Area
- Style: Colonial
- Year Built: 1908
- Heating: Oil, Steam
- Cooling: Wall/Window Unit(s)
- Basement: Full, Storage Space, Walk-Out Access
- Acreage: 0.09
- Est. Taxes: $12,866
- Lot Desc: Near Public Transit, Near School, Near Shops, Views
- Elem. School: Yonkers (School Choice)
- Middle School: Yonkers (School Choice)
- High School: Yonkers (School Choice)
- School District: Yonkers
- MLS#: 978354
- Days on Market: 86 days
- Website: https://www.raveis.com
/eprop/978354/21borcheravenue_yonkers_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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21 Borcher Avenue, Yonkers, NY, 10704
$1,439,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,151,200 | $1,151,200 | $1,151,200 |
| 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 | $1,072 | $1,072 | $1,072 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,536 | $6,902 | $9,714 |
| Total Monthly Payment | $7,733 | $8,099 | $10,911 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535