PREMIER RETAIL OPPORTUNITY IN ALLSTON - 4-8 Franklin (4 Braintree) St will be delivered Fall 2024 in a warm vanilla shell condition. The space will offer 2915 SF on two levels with nearly 12" ft ceiling heights on both levels, large glass storefront windows on multiple sides, and has provisions for venting, making it the perfect location for a sit-down bar/restaurant, QSR, event venue, or traditional retail use. Located in the heart of Allston, just . 5 miles away from the I-90 MA Tpke and . 4 miles from the Harvard Ave MBTA Green Line stop. Allston is one of Boston's densest neighborhoods, ballooning up to a population of nearly 68, 000 people due to it's close proximity to many colleges, including Boston University less than 1 mile away. If you'd like to schedule a tour, please reach out to the listing brokers.
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Our Executive Mortgage Banker:
Our Insurance Division:
$11,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $8,800 | $8,800 | $8,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $2,564 | $2,564 | $2,564 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $55 | $53 | $70 |
Total Monthly Payment | $2,694 | $2,692 | $2,709 |
* 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.