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Property Description
Welcome to 42 Gerry Street, a thoughtfully updated two-family property where the big-ticket improvements are already checked off the list, so you can spend more time enjoying the investment and less time making repair calls. Both units were renovated within the last two years, with the upper-level unit receiving the most recent refresh, including a brand-new dishwasher, newer appliances, and washer / dryer. The ground-level unit offers 3 bedrooms and 1 bath, while the upper unit provides an updated space ideal for extended living or an owner-occupant setup. A new roof, installed in winter 2025 and backed by a 50-year transferable warranty, joins a new boiler and water heater. In other words, the unglamorous but very important work has already been done. Conveniently located near I-95, the Merritt Parkway, NYC trains, and public transportation, 42 Gerry Street makes commuting simple and ownership refreshingly straightforward. A smart property with the updates, location, and flexibility to match.
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Assumptions and Disclosures
- Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
- This is not a credit decision or a commitment to lend.
- Depending on loan guidelines, mortgage insurance may be required
- If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
- APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
- Your monthly payment is not based on APR, but instead on the interest rate on your Note.
- Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
- These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
- Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
- Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
- Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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