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Renovated Multi-Family Home with a Spacious Basement in Jamaica, NY - Perfect for Investors or Homeowners! Welcome to 169-27 120th Ave, Jamaica, NY 11434, a beautifully renovated multi-family home offering spacious and versatile living in one of Queens' most sought-after neighborhoods. Ideal for homeowners seeking additional rental income or investors looking for a prime opportunity. First-Floor Unit: The first-floor unit offers 3 bedrooms and 2 full bathrooms, complemented by a large, finished basement with a kitchenette. The huge basement provides ample space for a variety of uses, such as additional living quarters, an entertainment area, or a home office. Its versatility makes it a standout feature in this multi-family home. Second-Floor Unit: The second-floor unit features 3 large bedrooms and 1. 5 bathrooms, with a bright, open layout that includes a modern kitchen and a sun-filled living room. The thoughtful design ensures comfort and practicality for families. Key Features: Recently renovated with modern finishes Expansive basement with high potential for various uses Private backyard, perfect for outdoor relaxation or hosting gatherings Off-street parking with a driveway Close to schools, parks, shopping, and dining Easy access to public transportation and major highways Whether you're looking to generate rental income or invest in a rapidly growing neighborhood, this property offers flexibility and value! Schedule a viewing today and explore the endless possibilities this home has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $879,200 | $879,200 | $879,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $641 | $641 | $641 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,992 | $5,630 | $7,419 |
Total Monthly Payment | $5,758 | $6,396 | $8,185 |
* 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.