Nestled in the highly sought-after Riverdale section of the Bronx, this expansive residential lot offers a rare opportunity to build your dream home in one of New York City's most desirable neighborhoods. Spanning 7, 480 square feet, this large parcel of land provides ample space for a luxurious custom residence. Owner previously had plans in place for a stunning 4, 000 square foot new construction home. The lot is perfectly situated, offering a serene and private setting with easy access to Riverdale's lush parks, top-rated schools, and convenient transportation options. Whether you're envisioning a modern architectural masterpiece or a timeless family estate, this property provides the foundation for your vision to come to life. This is an exceptional opportunity to create a lasting legacy in one of the most prestigious neighborhoods in the Bronx. Don't miss out on this rare offering-this property is primed and ready for development, offering the perfect blend of tranquility and urban convenience. Make this Riverdale gem your next home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,999
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 | $559,999 | $559,999 | $559,999 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,726 | $3,722 | $4,802 |
Total Monthly Payment | $3,818 | $3,814 | $4,894 |
* 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.