Unveil the canvas of your dreams with this remarkable investment opportunity-a multi-family home in need of a full renovation that holds the potential to transform into a masterpiece of modern living. Calling out to investors and builders, this is your chance to shape an 8, 370 sqft building, perfectly poised on a lot spanning 66. 5' X 114. 42'. Imagine the possibilities that await as you embrace the allure of this property. The current R6 zoning, coupled with the C1-4 overlay, opens the door to a world of creativity and innovation, allowing you to craft a truly unique space that blends residential and commercial potential seamlessly. Situated merely a block away from the 2 and 5 train station, convenience is at your doorstep, promising effortless commutes and boundless exploration. The surrounding neighborhood offers a vibrant tapestry of amenities, with shopping destinations just a stone's throw away, catering to every desire. And just a few short blocks down lies the serene expanse of Shoelace Park-an oasis of greenery where you can escape the city's hustle and bask in the tranquility of nature. Unlock the potential of this blank canvas, where your vision and imagination can shape a future that resonates with your aspirations. Transform this multi-family home into a captivating haven that stands as a testament to your creativity and vision. Seize this unparalleled opportunity to breathe new life into a space with endless possibilities. Don't miss out-this is your chance to turn a renovation project into a legacy of extraordinary living.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $526 | $526 | $526 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,296 | $5,740 | $7,826 |
Total Monthly Payment | $5,947 | $6,391 | $8,477 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.