Calling All Investors, Developers, & End-Users!!! Unique 10, 000 Sqft. Corner Development Site In Bayside For Sale Asking Only $2. 55m-$2. 95m!!! The Property Features Excellent Signage, Great Exposure, Strong R3X Zoning, 20 Parking Spaces, High 12' Ceilings, Separate Meters, Low Property Taxes, Full Basement, Separate Entrances, Gated Lot, Yard, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bayside On A HUGE 10, 000 Sqft. Lot Just 5 Blocks From The LIRR & 3 Blocks From Bell Blvd. !!! The Property Is Situated In Between Northern Blvd. , The Cross Island Parkway & Clearview Expressway!!! Neighbors Include Starbucks, UPS, Stop & Shop, CubeSmart Self Storage, Dunkin', Sephora, Staples, Five, Guys, Outback Steakhouse, Panera Bread, Walgreens, Duane Reade, Powerhouse Gym, Dollar Tree, Domino's, Taco Bell, McDonald's, Baskin-Robbins, Wendy's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (800 Sqft; 1 Br. Apt. ): $34, 200 Ann. (Available) Unit 2 (1, 500 Sqft. ; 1 Br. Apt. ): $23, 400 Ann. ; Lease Exp. : 1/1/25. Has Upstairs Loft That Could Be Turned Into 2 Additional Bedrooms. Unit 3 (800 Sqft. ; 2 Br. Apt. ): $23, 220 Ann. ; Lease Exp. : 2/1/24. Unit 4 (800 Sqft. ; 1 Br. Apt. ): $43, 800 Ann. ; Has 700 Sqft. Attic That Can Be Turned Into An Additional Bedroom. (Available) Unit 5 (1, 800 Sqft. ; 2 Br. Apt. ): $55, 800 Ann. (Available) Unit 6 (1, 000 Sqft. ; 2 Br. Apt. ): $31, 800 Ann. M-M. Pro Forma Gross Income: $212, 220 Ann. Expenses: Oil : $9, 823 Ann. Electric: $480 Ann. (Porch Lights Only) Water + Sewer: $2, 300 Ann. Insurance: $8, 167 Ann. Maintenance & Repairs: $650 Ann. Taxes: $34, 899. 28 Ann. 658 Total Expenses: $56, 319. 28 Ann. Net Operating Income (NOI): $155, 901 Ann.
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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 | $1,720,000 | $1,720,000 | $1,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $2,908 | $2,908 | $2,908 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,632 | $10,590 | $14,283 |
Total Monthly Payment | $12,665 | $13,623 | $17,316 |
* 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.