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About Whitestone

Welcome > Local Info > Whitestone, Malba, Bayside, Douglaston, Flushing and College Point Information ...

Queens, New York is the most ethnically diverse 115 square miles on earth. The 7 subway line has been dubbed The International Express and has been designated a National Millennium Trail for its representation of the immigrant experience. In addition to Greek Astoria, Jackson Heights has a fantastic Little India, with great restaurants, food markets, and shopping, and Peruvians swear this is where you can get the only decent grilled chicken outside of Lima. Flushing has a large Chinese and Korean population and is home to the 1862 Romanesque Revival, Flushing Town Hall, where Flushing Council on Culture and the Arts organizes a variety of art exhibits and jazz and classical music performances throughout the year. Italians, Japanese, Colombians, Asian Indians, Puerto Ricans, Israelis, Maltese, and many other groups add exciting diversity and flavor to Queens. 

WHITESTONE
Whitestone is a neighborhood in north-central Queens (in New York City) located between the East River to the north and Bayside Avenue to the south. This is where our office, Power Realty Inc., is located. It is an ideal location for anyone searching for a scenic and tranquil place to live, where the neighbors are friendly and the surroundings are charming. In the late nineteenth-century many wealthy New Yorkers began building mansions in the area, on what had once been farmland. Rapid development of the area ensued in the 1920s, however, as trolley and train service was expanded into the neighborhood. Although this rail service ended during the Great Depression the right-of-way for it was later used by Robert Moses to help construct the Belt Parkway. Further development came with the building of the Bronx-Whitestone Bridge in 1939. Today, Whitestone is a largely middle-class neighborhood comprised mostly of single and multi-family homes, garden apartment complexes and small apartment buildings. This suburban neighborhood was named for the rock at the point where tides met from the East River and Long Island Sound. Well-known residents have included Francis Lewis, signer of the Declaration of Independence, of which Francis Lewis Park was named after. Residents often flock there to see the beautiful view of the Whitestone Bridge in the evening.  

 

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Real Estate Tips

Financing Your Home >Hybrids Offer Low Rates

In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.

Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.

Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.

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Real Estate Trivia

Q 
What is encroachment, and how might it affect a property owner?

A 
Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim.
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Nelly Andrushenko, REALTOR®, real estate agent and broker for Whitestone, Malba, Bayside, Douglaston, Flushing and College Point, New York home listings, property and land for sale - NUMBER1EXPERT

Nelly Andrushenko
Power Realty Inc.

148-29 Cross Island Parkway
Whitestone, NY. 11357
718-747-0411
917-406-4922
Fax: 718-747-0504
Email: nelly@nellyshomes.com

Nelly Andrushenko started her career in Real Estate in 1989 and after being affiliated with a prominent local Real Estate company for a number of years, Nelly joined one of the Re/Max offices where she worked for four years. In March of 2002, Nelly founded her own Real Estate company, "Power Realty, Inc.". She is constantly in search of knowledge and ways to perfect her customer service. Nelly's enthusiasm and dedication to helping people has brought her success and recognition as a Top Realtor in Northern Queens. If you’ve been thinking of buying or selling a home in the near future, please call Nelly (718) 747-0411 or email her at nelly@nellyshomes.com

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