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Stunning Oceanview Two-Family Home in Arverne by the Sea, Rockaway Beach. Discover this exceptional three-story, two-family home with breathtaking ocean and park views in Arverne by the Sea, one of New York City’s most sought-after coastal communities. Located on 70th Street in Rockaway Beach, just one block from the 67th Street Surfing Beach, this property offers the perfect blend of beachside living and investment potential. Property Features: • Unit One: 3 bedrooms, 2. 5 baths, a spacious kitchen, family room, dining room, living room, walk-in closets, and a laundry room. • Unit Two: Expansive living and formal rooms, upgraded one full bath, two large bedroom, open-concept kitchen, walk-in closets, laundry room, and attic. • Private front and back balconies/porches with ocean and park views. • Ground-level finished space. • 4 parking spots. • Private yard and driveway. • Built 9 feet above sea level—no flood insurance required. Prime Location: • Minutes from Rockaway Beach, one of the top beaches on the East Coast. • A short bike ride to beach concessions, restaurants, banks, and “Stop & Shop. ” • Convenient access to NYC transportation: • NYC Ferry & Express Bus: 45 minutes to Lower Manhattan & Brooklyn. • A Train Subway & Local Buses: Q52, Q53, Q22, Q109, and more. Ideal for: • Primary residence—enjoy the coastal lifestyle year-round. • Investment property—strong rental income potential. Don’t miss this rare opportunity for beachside living with easy access to the city! A lot of Walking-Closets, Large Windows, A/C Units wit Central Air, Heating Type: Natural Gas, Off-Street Parking. Monthly HOA Fee $200.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,138,000
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 | $910,400 | $910,400 | $910,400 |
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% | 6.764% | 6.309% |
Monthly Tax Payment | $419 | $419 | $419 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,241 | $5,829 | $7,744 |
Total Monthly Payment | $5,784 | $6,372 | $8,287 |
* 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.