4,325 +/- sq.ft Commercial Condo fully lease INVESTMENT PROPERTY being offered at an 8.72% cap located in One of New Haven's most storied neighborhoods, Wooster Square. Walking distance to New Haven's Little Italy, conveniently located near downtown, Yale campus, and the medical district. Ground Floor Office/Examination Room Space of iconic 5-Story Corner Brick Building (former Community Bank & Trust Co. Building and the Bank now Residences at Wooster Square) HOA fee is $1,542.40 per month which is being paid by tenant with long term lease, NNN
Frontage:
Municipal Street,Paved Road
Complex:
Residences At Wooster Square
Garage:
Paved, Off Street Parking
Current Use
offices and examination rooms
Permitted Use
office, retail
Utilities
Electric,Gas,Telephone,Cable
Lot Description:
Corner Lot
Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Fred Messore, Colonial Properties Inc Email: fred@colprop.com
629 Chapel Street, #1A, New Haven, (Wooster Square), CT, 06511
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
