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Excellent investment opportunity in the heart of Corona! This legal three-family property offers three spacious residential units, making it ideal for investors or owner-occupants seeking rental income. The first-floor unit features 2 bedrooms, 1 full bath, a living room, and dining room, with direct access to the full basement. The second floor includes two separate 1-bedroom, 1-bath apartments, each offering living and dining areas. The full lower level houses the building's mechanicals, including separate utilities with 2 gas meters, 3 electric meters, and boilers. All units are being delivered without appliances. Conveniently located near shopping, schools, parks, and major roadways, the property also offers excellent access to public transportation, including the 7, 7X, M, E, R, Port Washington, and F rail lines, along with the Q23, Q72, and Q66 bus routes, making commuting throughout Queens and Manhattan convenient. A fantastic opportunity with strong income potential in a prime Queens location.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$948,888
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 | $759,110 | $759,110 | $759,110 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $774 | $774 | $774 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,192 | $4,551 | $6,304 |
| Total Monthly Payment | $5,058 | $5,417 | $7,170 |
* 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.