![]() |
Detached 2 Family Home + Vacant Lot - Development Package Deal! Come make this package deal your next project or enjoy collecting all the cash flow as is! This 2 family home sits on a 25 x 100 ft lot immediately abutting an identical sized vacant 25 x 100 ft lot with a detached 4 car garage situated at the rear of the property. Enter the home through the welcoming front porch where you'll find a stairway to your left leading to the second floor apartment and a hallway to your right leading to the 1st floor apartment. Your 1st floor unit is a 2 bedroom/1 bathroom with an eat in kitchen, separate living area and direct backyard access. This unit is currently leased on a month to month basis for $2, 300/month. Your 2nd floor unit is a 2. 5 bedroom/1 bathroom with a floorplan that almost mirrors the 1st floor but for the half bedroom which can be entered via the primary bedroom or hallway entrance (this half bedroom can also be used as a den, study or office). Both primary bedrooms in each apartment are oversized and can easily fit a king sized bed with a full bedroom set. This apartment also has exclusive attic storage access. This unit is currently vacant but was previously leased for $2, 500/month. Move in today or get your next tenant! The vacant lot next door, zoned R4-1, can be your next project to build a fantastic multifamily home! Currently, 2 commercial vehicles pay to park on this lot, plus each of the 4 car garages is rented to storage tenants (all month to month). The total monthly income for these occupants is $1, 910/month. This package deal property is right off of Atlantic Avenue and only a couple of blocks away from Rockaway Boulevard, putting you in a prime location to have all your essential needs met where grocery stores, laundry, shopping, restaurants and more are all situated nearby! Building: 20 x 40 ft Lot: 50 x 100 ft Zoning: R4-1 FAR: 0. 57; Max FAR: 1. 5 Taxes: $8, 111/Yr Great Investment/Development Opportunity!
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:
Our Insurance Division:
$1,249,000
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 | $999,200 | $999,200 | $999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.750% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.865% | 6.435% |
Monthly Tax Payment | $676 | $676 | $676 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,831 | $6,481 | $8,567 |
Total Monthly Payment | $6,632 | $7,282 | $9,368 |
* 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.