This exceptional mixed-use property is perfectly situated in a vibrant neighborhood, offering both commercial and residential spaces that maximize convenience and income potential. The ground floor features a successful retail space leased to a well-known tenant, benefiting from high visibility on Myrtle Ave. The upper floors comprise two well-appointed residential units, each with two bedrooms and one bath, providing comfortable living spaces that yield attractive rental income. Its prime location ensures easy access to transportation, major thoroughfares, and a diverse array of shopping and dining options, making it an appealing destination for residents. The neighborhood boasts bustling commercial districts alongside tranquil green spaces, catering to various interests and enhancing overall quality of life. With a stable tenant base, competitive rental rates, and consistently high occupancy levels, this property presents an outstanding investment opportunity for those seeking both financial returns and the dynamic energy of urban living., Building Size:19*55
62-22 Myrtle Ave, New York, (Glendale), NY, 11385
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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