Formerly the Gilda Crackers manufacturing facility, this versatile, vacant industrial property offers 63, 570 sq ft of space on a 2. 1-acre lot. With 640 feet of frontage on W 4th Ave, it ensures high visibility and easy access. Features include 22-foot ceilings, 4, 000 sq ft of air-conditioned office space, 15 dock-high loading doors, full sprinkler system, and 3-phase electric. Zoned M-3 for various industrial uses. Ideal for owner-users or investors seeking a prime industrial asset in a strategic location. Close to major highways and transportation links, facilitating distribution and logistics operations. This property presents a unique chance to capitalize on its historical significance and future potential. The former list price $10. 475M was the starting bid at auction, now postponed.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $10,400,000 | $10,400,000 | $10,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $13,896 | $13,896 | $13,896 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $66,592 | $66,592 | $91,311 |
Total Monthly Payment | $80,613 | $80,613 | $105,332 |
* 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.