|
Welcome to 175 Beach 29th Street – A Turnkey Legal Duplex Just Minutes from the Beach! Live, invest, or do both! This beautifully updated legal two-family home in the heart of Far Rockaway offers the perfect blend of comfort, flexibility, and income potential. Each unit features 3 spacious bedrooms, bright open living spaces, modern finishes, and individual split A/C and heating systems in every room for year-round comfort. Whether you're looking to live in one apartment and collect rental income from the other or add a solid investment to your portfolio, this property checks all the boxes. Located in one of Far Rockaway's fastest-growing neighborhoods, you'll enjoy the best of beachside living with everyday conveniences just minutes away. Property Highlights: * Legal two-family duplex * Two spacious 3-bedroom apartments * Split A/C and heating system in every room * Updated kitchens, bathrooms, and modern finishes * Move-in ready with excellent rental potential Prime Location: * Minutes to Rockaway Beach * Close to the Far Rockaway Shopping Center * Easy access to the A Train, NYC Ferry, buses, and major roadways * Near schools, parks, restaurants, and local amenities Whether you're a homeowner, investor, or both, 175 Beach 29th Street is a rare opportunity to own a move-in-ready, income-producing property in one of Queens' most exciting beachside communities. Don't miss your chance to own a piece of Far Rockaway's bright future—schedule your private tour today!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$900,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $720,000 | $720,000 | $720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.223% | 6.058% |
| Monthly Tax Payment | $422 | $422 | $422 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,032 | $4,375 | $6,027 |
| Total Monthly Payment | $4,546 | $4,889 | $6,541 |
* 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.