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Presented by
The Gulino Team |
Prime South Ozone Park Opportunity – Massive Lot with Endless Potential! Welcome to 120-19 Linden Boulevard, a versatile and remarkably spacious two-family detached home situated in the heart of South Ozone Park. Settled on an impressive, oversized 50' x 100' lot, this property offers an incredible layout for investment income, or future development. The main residential layout consists of a highly functional 2-bedroom over 2-bedroom setup, providing comfortable independent living spaces. Expanding the footprint even further, the upper level features a fully finished attic containing 2 additional bedrooms, perfect for home offices or extra living quarters. The lower level includes a full basement configured with 2 bedrooms, serving beautifully as an accessory unit Beyond its current use as a substantial multi-family home, the real value lies in the expansive land footprint and its favorable R4-A contextual zoning. In New York City, R4-A zoning typically permits lower-density detached one- and two-family homes, but it also provides an exceptional avenue for Community Facility developments. With a generous 5, 000-square-foot lot on a prominent thoroughfare like Linden Boulevard, this property stands out as an ideal candidate for redevelopment to serve local neighborhood resources. This includes potential construction or conversion for houses of worship, community centers, non-profit institutions, or specialized educational/medical facilities, which often benefit from more flexible floor area ratio (FAR) allowances under community facility regulations. Whether you are looking to maximize rental income with an expansive compound or looking to build a brand-new facility to anchor local community needs, 120-19 Linden Boulevard offers a rare canvas of scale and location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
Sales Associates
William Raveis Real Estate
Phone: 860.655.7004
Santo.Gulino@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
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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 | $1,520,000 | $1,520,000 | $1,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.157% | 6.137% |
| Monthly Tax Payment | $500 | $500 | $500 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,630 | $9,113 | $12,724 |
| Total Monthly Payment | $9,255 | $9,738 | $13,349 |
* 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.