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Built in 2002, this spacious and remarkable duplex Forest Park Condominium is located at the Kew Gardens commerical center. A quiet residential neighborhood in Queens, known for its tree-lined streets and historic homes. It offers a suburban feel with front door access to the Q10 (15 minutes to JFK!), QM18 (express to Manhattan), and Q54 buses. Commuter, walker and food lover's paradise next to ethnic restaurants, Ateaz organic coffee, Cookies and Cream pastry shop, Mikado, Hangar 11 burgers & bar, Alba's deli, Juice stop cafe, Tiki Tiki, Paul Michael's, Nabhya, Village diner, Jade, La Sala Tu Casa, C Italian Kew, Roast & Co, Baker's dozen, family owned groceries and pharmacies, salons, spas, banks, UPS access points, Dunkin Donuts, 7-11, LIRR Kew Gardens station (Penn Station Manhattan 18 minutes!), cinemas, Urban Wellness Urgent Care, CVS pharmacy, animal hospital, post office, and the 538-acre Forest Park, barbeques, bridle paths for walking, biking, horseback riding, playgrounds, carousel, basketball, football, baseball, softball, tennis, bocce, handball, running track, roller skating, model airplanes, and a challenging par 67 golf course. Dog friendly areas, wifi spots, and the George Seuffert Sr. bandshell outdoor theather hosts free concerts throughout the warm season. Close to Michelin approved Caleta 111 Cevicheria restaurant, the Q24 bus, E, F, J, Z subways, hospitals, police, fire stations and major junction of Queens Blvd, Van Wyck expressway, Grand Central & Jackie Robinson parkways. Around 15 minutes non rush hour drive to JFK and LaGuardia airports! Live-in super keeps the building immaculate and safe. Polished wood paneled lobby with compactors on every floor. Good street intersection and sign visibility with a private door entrance that is wheelchair accessible. Great foot and 15k+ daily car traffic! Parking garage with one space, laundry room, pet friendly and video security intercom to lobby. New carpeting, fresh paint and bathroom renovation. Two large living room or reception areas, four bedrooms, kitchen, and three bathrooms (2 full and 1 half bathroom). $1, 366 monthly common charges includes heat, water and cooking gas . $12, 891 yearly taxes. Was leased by a medical office for many years with yearly gross rental income of $72k and yearly net income of around $37k @ 3. 8% cap. Also great for use as retail.
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Our Executive Mortgage Banker:
Our Insurance Division:
$975,000
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 | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | $1,074 | $1,074 | $1,074 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,490 | $4,994 | $6,635 |
Total Monthly Payment | $5,656 | $6,160 | $7,801 |
* 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.