*2nd Floor Condo Unit Only For Sale* *Opportunity Zone* Why pay your landlords mortgage when you can own your own Class A office condominium right in the heart of Middletown's idyllic downtown? The pristine office condo located at 575 Main St 2nd Floor is now being offered for sale. This 7, 814sf private condominium encompasses the entire second floor of the property and is conveniently accessed by elevator. The building was constructed in 2008 and the unit has only ever been occupied by one very conscientious tenant. The suite is surrounded by windows on all sides allowing for beautiful views of Main Street as well as an abundance of natural light. This condo unit offers the perfect blend of private offices and open areas, making privacy and collaboration both seamless. The property is located just off of State Route 9 and is located in a Federally designated opportunity zone. The entry ways, the office itself and the rest rooms are all fully accessible. The unit would be perfect for any of the many businesses that work closely with Middlesex Hospital, Wesleyan University, Pratt & Whitney or the Middletown Superior Court but would serve any office user well. With the City of Middletown's Riverfront Redevelopment well underway and massive private and public investment right next door and throughout downtown, there couldn't be a better time to put down roots. *Property also for lease - MLS# 170614624*
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William Raveis Mortgage, LLC
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Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $952,000 | $952,000 | $952,000 |
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 | $1,693 | $1,693 | $1,693 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,480 | $6,017 | $8,034 |
Total Monthly Payment | $7,298 | $7,835 | $9,852 |
* 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.