Attention Investors or End Users! 2 buildings on a high traffic US#1 corner. 5, 502 total sq feet of buildings with 4, 804 sf being under air (per tax assessor). The main building (3, 920 sf under air/4, 368 gross sf) was the iconic Jiffy Photo Building with drive through. Currently vacant. Potential for live/workplace as upstairs has 6 rooms/offices and 1 bathroom(was plumbed for 2). 2004 Roof. The smaller building (884 sf under air/1, 134 gross sf) is leased (month to month) as a restaurant for $800/month. (tenant has been there 6 years). This building has a 2021 roof. Each building has its own electric and water meter. Over 23, 000 cars daily pass this location!There are retail storefront windows on the1st floor front of the building that were covered up. See supplement for more info
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $821 | $821 | $821 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,859 | $3,810 | $4,891 |
Total Monthly Payment | $4,772 | $4,723 | $5,804 |
* 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.