SELLER FINANCING IS AN OPTION. CALL FOR TERMS. 3 family featuring 4 bedroom/4 bedroom/3 bedroom apts. Over $9, 000 a month in potential income. This can be sold individually or as an opportunity to develop along with property address 2675 Marion Ave. This site measures 25 x 180( 4, 513 sq ft), and R7B zoning (3. 0 FAR) permits approximately 13, 539 buildable square feet. Combined with 2675 Marion Ave, the site measures 50 x 180, with approximately 26, 694 buildable square feet. Combined asking price is $1, 998, 000. This site is a very short distance from Fordham University, Fordham Metro North Station, the famous Fordham Rd retail corridor, the Bronx Zoo, the Botanical Garden, public transportation, the Bronx River Pkwy and Major Deegan.
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Our Executive Mortgage Banker:
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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 | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $530 | $530 | $530 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,836 | $6,403 | $8,506 |
Total Monthly Payment | $6,491 | $7,058 | $9,161 |
* 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.