Nestled in the vibrant heart of City Island, this charming mixed-use property seamlessly blends residential comfort with commercial opportunity. The building features 2 storefront spaces on the main fl. (267/269) and a 2-"two bedrooms" apt. on the upper fl. Each apartment has a bright living area, kit. that overlook the bustling St. of City Island. Residents and business owners can take advantage of the vibrant local arts, and diverse dining options on the Island. The property is just a short walk away from parks and marinas, making it easy to enjoy the island's natural beauty. With a variety of antique stores nearby, you will enjoy the island's nautical heritage. This mixed-use ppt not only offers a fantastic opportunity for commercial growth but also provides a cozy home base in one of the city's most picturesque neighborhoods. Whether you're an aspiring entrepreneur or looking for a unique experience, this space is the perfect blend of work and play in the heart of City Island.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,451 | $5,911 | $7,972 |
Total Monthly Payment | $5,576 | $6,036 | $8,097 |
* 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.