LOCATION! LOCATION! LOCATION! 55 West 38th Street is a prime 4-story commercial building in the heart of Midtown Manhattan, offering 6,000 sq ft of space, including 4,400 sq ft of newly renovated office space and 1,600 sq ft of retail. The ground floor and basement are currently leased to a restaurant / speak easy bar, with 8 years remaining on the lease. Located just two blocks from Bryant Park, close to Times Square, Grand Central Station, and multiple subway lines (B/D/F/M/N/Q/R/W....), this location is a hub of activity with enormous traffic and offers exceptional accessibility and visibility in the bustling Midtown Manhattan. Ideally situated between 5th and 6th Ave, this property presents a fantastic investment opportunity in the heart of the city.
55 W 38th Street, New York, NY, 10018
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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