Asking Price Advertised reflects a 5 year lease Experienced operators are welcome and preferred! 1057 Flushing Ave - entire building for lease is approximately 25' X 80. 92' and features: 2, 023RSF of interior square footage, 23FT commercial frontage, almost 12FT ceiling height, and approx. 966SF of basement space. Incredible opportunity to combine up to 6, 321RSF for a flagship location offering almost 70FT of commercial frontage including a curb cut in the most desirable retail corridor in East Williamsburg bordering prime Bushwick.
Ownership is delivering the space in white box condition. All uses are considered from retail, restaurant, bar, QSR, food & beverage, health & wellness, tech, studio/film production, logistics, creative, office, medical, community facility, etc.
This amazing location is just a few short blocks from the Morgan Ave/Jefferson St (L) & Central Ave (M) Subway stations. Prominent tenants nearby include Netflix, Rivian, Elsewhere, Brooklyn Made, Ichiran, Sea Wolf, Bunker, Honey, Fine & Raw Chocolate, Roberta's, House of Yes, just a name a few. Major retailers & national tenants are starting to settle in this trendy neighborhood.
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:
$6,700
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 | $5,360 | $5,360 | $5,360 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $36 | $36 | $46 |
Total Monthly Payment | $111 | $111 | $121 |
* 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.