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132-10 Hillside Avenue presents a prime mixed-use investment opportunity, appealing to both owner-occupiers and investors. The property encompasses a total of 4, 875 square feet, including 3, 000 square feet of highly visible ground-floor retail, office, or warehouse space, along with an additional 1, 875 square feet on the second floor that can be utilized as residential or office space. Strategically located near the Van Wyck Expressway, Queens Boulevard, and Metropolitan Avenue, the property offers convenient access to major transportation arteries. The nearby E subway line connects the site directly to JFK Airport, Manhattan, and surrounding neighborhoods, enhancing its appeal for tenants seeking excellent connectivity. This flexible mixed-use building is ideal for businesses looking to establish a flagship presence, while also offering the potential for residential rental income through two existing 2-bedroom units on the second floor—or the option to convert the entire upper level to commercial use. Zoned R6, the lot allows for substantial additional buildable square footage, presenting significant expansion potential for future development.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,749,000
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 | $1,399,200 | $1,399,200 | $1,399,200 |
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 | $1,931 | $1,931 | $1,931 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,055 | $8,959 | $11,902 |
Total Monthly Payment | $10,111 | $11,015 | $13,958 |
* 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.