Experience completed new construction with certificates of occupancy secured and the first closing successfully done. Only four exquisite mixed-use units remain, showcasing a harmonious blend of 12-foot elevation commercial storefronts on Central Avenue with elegantly appointed residential spaces above. Each unit features luxurious finished residential spaces with bedrooms and baths, complemented by a commercial-grade storefront complete with a finished bath. All as a townhouse setup, fee simple ownership, rare and valuable mixed-use unit. The location is high elevation and in x500, and these units are equipped with new impact windows, a pristine new roof and breathtaking quartz countertops. Stylish large plank tiles grace the wet areas, while subway tiles elegantly extend to the ceiling in the baths. Culinary enthusiasts will delight with upgraded new appliances with a gas stove, and the convenience of a large and luxurious kitchen island, ideal for entertaining. All enhanced by a large front balcony overlooking vibrant Central Avenue. Driftwood on Central is a contemporary fee-simple townhome and mixed-use community comprising 11 units. With six townhomes sold, only four mixed-use units remain, and we proudly have an appraisal at list value, and closings. Ideally in the thriving Grand Central District, this community offers a distinctive living experience, surrounded by dining and shopping options to cater to any lifestyle. Seize this exceptional opportunity before it’s gone!
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Our Executive Mortgage Banker:
Our Insurance Division:
$900,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $720,000 | $720,000 | $720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $120 | $120 | $120 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,610 | $4,670 | $6,322 |
Total Monthly Payment | $4,822 | $4,882 | $6,534 |
* 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.