The historic Shipton Building, built in 1888, is a stylish cornerstone in the downtown Pittsfield business and cultural district. The four-story masonry facade on North Street has four storefronts with a total of over 60 commercial tenants. It is a very popular location for a mix of professional offices ranging from lawyers, designers and service organizations. There is consistent high occupancy and plenty of opportunity for rent escalations.The current owner bought the building in 2018 and has made many structural and cosmetic upgrades. All 131 windows have been replaced with high performance custom historic replicas. Common areas have all been upgraded to LED lighting and flooring is either new new carpet or converted to ceramic tile. A program has been started to replace gas HVAC
146-156 North St, Pittsfield, MA, 01201
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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