This investment opportunity offers a compelling package featuring both a prominent retail space & a nationally recognized tenant secured for the next decade. Located in a stunning newer construction building, this offering consists of two commercial condos for sale. The first space includes a 3, 650 sq ft retail storefront W/ impressive floor-to-ceiling windows overlooking Boylston St, currently vacant & offering exceptional frontage. The 2nd space comprises approximately 6, 000 sq ft of fully leased area occupied by RCN, complete with 2 off-street parking spaces, under the initial stages of a 10-year lease agreement. Combined, these two spaces total over 9, 600 sq ft of prime commercial space on Boylston Street, a bustling thoroughfare leading directly into the heart of the city. The property enjoys close proximity to high-end residential properties, hotel chains, retail vendors, hospitals, & office complexes, making it an ideal location for both investment & business operaratio.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,400,000 | $3,400,000 | $3,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $2,500 | $2,500 | $2,500 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,572 | $21,490 | $28,691 |
Total Monthly Payment | $22,197 | $24,115 | $31,316 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.