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Welcome to this well-maintained and income-producing 3-family walk-up residence, ideally located in vibrant Corona, Queens. Offering a flexible layout and smart investment potential, this property is perfect for end-users, investors, or multi-generational living. The first floor features a spacious 3-bedroom unit, ideal for comfortable living or a strong rental income. The second floor is thoughtfully divided into two separate apartments—a 1-bedroom and a 2-bedroom—each providing privacy and independence for tenants or extended family members. Each unit is equipped with its own split-unit air conditioning, ensuring year-round comfort. The property also boasts a full basement, perfect for storage or potential additional use. With separate electric meters, managing utilities is a breeze. Additional highlights include a shared driveway and a dedicated space for a car garage—a rare find in this neighborhood. Located just minutes from public transportation, local shops, dining, and parks, this property blends convenience with excellent potential. Whether you're looking to live in one unit and rent the rest, or maximize rental income across all three, this is an incredible opportunity to call home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | $631 | $631 | $631 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,757 | $6,403 | $8,506 |
Total Monthly Payment | $6,512 | $7,158 | $9,261 |
* 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.