Presenting this wonderful Mixed Use property located in the vibrant Cobble Hill area, one of the most desirable areas! This is truly special consisting of two apartments stacked above of a retail store. Ground Floor Commercial Space: Currently home to the beloved Italian restaurant Verde, which offers about 1350 square feet of space. Additionally, there's a basement available for extra storage needs. As the lease for Verde concludes in August, this prime commercial space eagerly anticipates its next chapter. Whether you envision a trendy cafe, boutique shop, or modern office, seize the chance to leave your mark in this coveted location. Upper Floors Living: Each apartment is spacious, with two to three bedrooms, a bathroom, a large living room, and a well-equipped kitchen. With the potential for vacant delivery, you have the freedom to personalize these spaces to your heart's desire. What's more, this property is equipped with three electric meters and three gas meters, making it perfect for accommodating multiple tenants and businesses. In terms of size, measuring 20 x 55 feet long on a lot that's 20 x 80 feet long. The annual property tax for this gem is $11, 091. Investment Opportunity: Whether you're an entrepreneur seeking a prime commercial space or an investor looking to capitalize on Cobble Hill's thriving real estate market, offers an unparalleled opportunity. With a proven track record of success and the potential for vacant delivery, this property promises both immediate returns and long-term growth potential. Embark on a journey of endless possibilities of urban living in the most desirable area of Cobble Hill!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,397,998
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 | $2,718,398 | $2,718,398 | $2,718,398 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,593 | $16,080 | $22,392 |
Total Monthly Payment | $14,718 | $16,205 | $22,517 |
* 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.