Selling as a bundle deal for 11 units: C1-C10 & G01. The unit tenancy and income is as follows: C1 (Main Room) & C3 (VIP Room): Restaurant Use (Bodhi Vege Restaurant) (C1: 7,826 & C3: 902 Sqft.) Rent: $33k monthly C2: Office Space (893 Sqft.) Rent: $3.5k C4 - C10: Oriental Palm Springs (Massage/Spa, 7,650 Sqft.) Rent: $21k G01: Parking Garage Business (24,513 Sqft.) 63 Parking Spots Total. Rent: $5k Total Annual Owner Income: $750k Management Fees: $5,099 per month / $61,188 yearly Insurance Fees: $15,000 yearly Owner only wants to sell as a bundle altogether. All units have already existing businesses and tenants. Perfect investment opportunity.
136-20 Booth Memorial Avenue, #C1-C10, Queens, (Flushing), NY, 11355
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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