318 5th Avenue, Greenport, NY, 11944 | $1,250,000

Charming Legal 3-Family Home in Greenport, NY Don’t miss this rare gem on the market for the first time in nearly 50 years! This exceptional property offers a unique opportunity to own a distinguished late 19th-century Victorian that has been thoughtfully converted into a three-family residence, preserving its exquisite original details. Delight in the added bonus of a cozy stand-alone cottage, in addition to the two-family attached home, in the backyard, along with four independent garages, a charming shed, and ample room for a pool, beautiful gardens, or whatever your heart desires. With its spacious and sun-soaked oversized lot, you’ll relish the vibrant Village of Greenport lifestyle, all within walking distance of public transportation, trendy shops, enticing restaurants, and the inviting beach! **Unit Descriptions: ** - Unit One graces the primary floor, featuring a warm living room adorned with a grand bay window, a generous kitchen, a full bathroom, and three expansive bedrooms, perfect for relaxation and gatherings. - Unit Two occupies the second floor and is accessed through a classic double front door leading from a broad porch, through the original foyer and up a stairwell. This charming unit boasts large rooms, a complete kitchen, a full bathroom, and access to the attic. Recently used as a three-bedroom apartment, it also features a back stairway that opens up to the serene garden. - Unit Three is at the rear of the property, nestled quietly apart from the main house, you’ll find a delightful one-bedroom cottage. This enchanting space includes two floors: a warm living room, a spacious kitchen, a lovely bathroom, and an airy loft bedroom and office space with attic access that beckons for personalized flair. Completing this extraordinary property is a four-car garage, with each unit operating independently—secure, convenient, and easily rentable. Each apartment has access to on-site laundry facilities, and the expansive parcel of land is waiting for your creative touch. Whether you envision a sanctuary for yourself while renting out the additional units or seek to capitalize on the investment potential, this truly unique offering is brimming with possibilities and charm!

Features

  • Bedrooms: 6
  • Baths: 3 full
  • Style: Colonial, Cottage, Other, Victorian
  • Year Built: 1900
  • Garage: 4-car
  • Heating: Hot Water
  • Cooling: None
  • Basement: Bilco Door(s)
  • Acreage: 0.28
  • Est. Taxes: $9,518
  • Elem. School: Greenport Elementary School
  • Middle School: Greenport High School
  • High School: Greenport High School
  • School District: Greenport
  • MLS#: 858046
  • Days on Market: 2 days
  • Buyer Broker Compensation: 2.50%
  • Website: https://www.raveis.com
    /mls/858046/3185thavenue_greenport_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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.

Nicholas PlanamentoLicensed Associate Real Estate Broker

631.948.0143

Nicholas.Planamento@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

318 5th Avenue, Greenport, NY, 11944

$1,250,000

Nicholas Planamento

Licensed Associate Real Estate Broker

William Raveis Real Estate

Phone: 631.948.0143

Nicholas.Planamento@raveis.com

Sarah DeFlorio

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** 5.500% 6.625% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.727% 6.183%
Monthly Tax Payment $793 $793 $793
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,678 $6,403 $8,439
Total Monthly Payment $6,596 $7,321 $9,357

* 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.