This building, located in a prime location, holds immense potential for both residential and commercial purposes. With two spacious 1-bedroom units, each equipped with a den, it offers a comfortable and versatile living space for tenants. The units have some modern features and ample natural light, providing a cozy atmosphere. In addition to the residential units, the building also features a well-designed commercial space, perfect for setting up a business or renting out to entrepreneurs. The commercial area offers great visibility and foot traffic, making it an ideal spot for various ventures. One of the standout features of this property is its proximity to convenient amenities. Situated just a stone's throw away from the subway station, commuting becomes a breeze for residents and customers alike. For fitness enthusiasts, Blink Gym is within walking distance, allowing easy access to a state-of-the-art exercise facility. Furthermore, the area is renowned for its superb dining options, with a variety of great restaurants mere steps away. Lastly, the building comes with a yard, providing a private outdoor space where the business owner can relax or entertain guests. Overall, this building presents a fantastic opportunity for investors or individuals seeking a versatile property in a highly desirable location. Don't miss out on this excellent investment!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $2,917 | $2,917 | $2,917 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,512 | $9,236 | $12,521 |
Total Monthly Payment | $11,554 | $12,278 | $15,563 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.