THIS SPACE on the ground floor of a mixed-used CONDO building in Great Neck IS FOR SALE (handicap accessible w/portable ramps included in the sale). IT IS IN MINT CONDITION is currently utilized as a Full-service Dental practice. It was renovated only a few years ago and its' appearance is superb! I am searching for a Dentist who wants to STOP RENTING AND BECOME THE LANDLORD FOR THE NEXT 25 YEARS! The tenant is leaving over the next 3 months. Heat, Hot Water, water, and daily maintenance are included in the common charges, which are $645. 69 and real estate taxes are $9300. A recorded camera Surveillance system throughout the Lobby, Vestibule, and around the left and right sides of the building. Private mailbox included. There are washers/dryers on the lower level. The office is located on the 1st floor on the southeast (right side) for easy access. 1 block from the LIRR/buses. Close to restaurants, shopping, parks etc. This is a once-in-a-lifetime opportunity to run your business out of your own space and become the landlord, fully in control of your financial future, instead of making your current landlord richer or having the power not to renew your lease, if and when they want to sell. If you currently don't reside here, eventually you will want to. 24-48 hour notice for all showings.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,991 | $519,991 | $519,991 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $775 | $775 | $775 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,547 | $3,456 | $4,385 |
Total Monthly Payment | $4,414 | $4,323 | $5,252 |
* 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.