Canarsie Fully detached legal 2 family with office & finished basement building size 40 ft x 75 ft! Over 6, 000 sq ft living space plus finished basement! Each apartment approx. 1, 500 sq ft each & 1st floor Currently (used as office space - can easily be converted back to two 3- or 4-bedrooms residential apartment) 1st floor used as meeting hall Thomas Jefferson Democratic club approx. 3, 000 sq ft with additional approx. 4, 000 sq ft brick extension with HVAC system & 1/2 bath & high ceiling open space (Great for Church, adult community and much more) Huge fully finished basement with high ceiling! Large 50 ft x 164. 33 ft 8, 217 sq ft R4 zoning. building 40 sq ft wide frontage! 9% Projected Cap Rate! Delivered FULLY Vacant!! Great for developers with substantial opportunity (Building condominium, rentals or multi-family housing!) Fully vacant we have keys! Short distance to train, buses, shopping & much more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,813 | $7,486 | $10,045 |
Total Monthly Payment | $6,938 | $7,611 | $10,170 |
* 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.