Near subway mixed-use investment property with large income potential. Located right next to the 2 and 5 train at 225st Street in Wakefield this is one of the Bronx's top neighborhoods, also walking distance to Van Cortland Park . -Street Level First Floor - a restaurant. The lease expires at the end of this year. Tenants pay all utilities 35% water fee and real estate tax. Second Floor -2 Bedrooms 1 Bathroom, Vacant. Third Floor 2 Bedrooms 1 Bathroom, owner-occupied. Basement: full basement, There is a first-floor front door to downstairs, with big windows and a backyard door, big potential rent.
41-37 White Plains Road, Bronx, NY, 10466
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.
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