A blank canvas awaits at 1981 Crotona, a vacant plot of land offering immense potential for savvy investors. Positioned on a generous lot measuring 25 feet by 95 feet and zoned R5, this property presents an exciting opportunity to bring forth a vision of urban development in a thriving community. Nestled within a dynamic neighborhood, this plot of land is surrounded by an array of amenities, ensuring convenience and accessibility for future residents or tenants. From schools to shopping centers, from dining options to recreational facilities, everything is within reach, promising a lifestyle of ease and comfort. The R5 zoning designation opens the door to various development possibilities, from single-family homes to multifamily dwellings, catering to the evolving needs of the market. Whether you envision a charming single-family residence or a multifamily development to meet the demand for urban housing, this property offers the flexibility to realize your vision. Moreover, the dimensions of the lot provide ample space for creative design concepts, allowing for the incorporation of outdoor amenities, green spaces, or parking facilities to enhance the livability and functionality of the development. With its strategic location, favorable zoning, and untapped potential, 1981 Crotona represents a compelling investment opportunity in the realm of real estate. Whether you're a seasoned developer looking to expand your portfolio or an investor seeking to capitalize on the burgeoning housing market, this property holds the promise of significant returns and long-term value appreciation.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,580 | $1,580 | $2,055 |
Total Monthly Payment | $1,655 | $1,655 | $2,130 |
* 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.