Calling all Investors for the opportunity to purchase 465-479 South Broadway in Yonkers, NY! This single-story retail property consists of nine storefronts, totaling approximately 18, 837 square feet. Situated at a signalized intersection, it spans from corner to corner along South Broadway, offering an enviable location that ensures tremendous visibility and draws both high foot and vehicle traffic. Nearby, you'll find ample municipal and street parking. The anchor tenants, Snipes and Boost Mobile, are bolstered by a roster of long-term tenants that includes Yonkers Paint & Hardware, Nubes NY, Williams Farm Market, Dollar Wonder, a dry-cleaners, and a barbershop. Among its neighbors are CityMD, RiteAid, SunRiver Health, Citizens Bank, Little Caesars Pizza, Subway, EagleHome Care, Rent-A-Center, and TrueValue, creating a thriving local ecosystem. In terms of accessibility, this property offers convenience to Downtown Yonkers and The Bronx, with major transportation routes such as the Henry Hudson Parkway, Saw Mill River Parkway, I-87, and a Bee Line Bus Stop located directly in front of the property. This ensures excellent connectivity for both employees and visitors, making it an ideal location for businesses of all types. The property is strategically located in the Central Subdistrict of the South Broadway District, which opens doors to exciting future development potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,900,000
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 | $3,920,000 | $3,920,000 | $3,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,818 | $25,752 | $34,147 |
Total Monthly Payment | $23,943 | $25,877 | $34,272 |
* 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.