Great investment opportunity for an income producing property on a street with excellent foot traffic by Iona University. Storefront with current business (2 years remaining on lease) and a 2-bedroom, 1 bathroom apartment (624A), freshly painted, hardwood floors thought out on the second floor. Recently updated with new roof, boiler, 400 amp-3 phase electrical, plumbing, central air and heating. Store has central air conditioning and heating. One can live upstairs and benefit from the income generated by the frozen yogurt store. Or can rent both apartment and store, and benefit from a dual income producing property. Great rent roll potential with little maintenance.
Heating:
Natural Gas, Baseboard, Hot Water
Current Use
Commercial, Food Service, Mixed Use, Office, Residential
School District:
New Rochelle
624 North Avenue, New Rochelle, NY, 10801
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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