Ideal owner user opportunity. Two adjoining properties comprised of a pizzeria and a pub with a large outdoor beer garden, plus 1BR and 2BR apartments upstairs, across the street from Hawkins Park in the center of City Island. Commercial units vacant, apartments have MTM tenants. "The Seaport of The Bronx," City Island draws visitors from Westchester and The Bronx to its famous restaurants. The community of approximately 5,000 residents is surrounded by Pelham Bay Park, NYC's largest park. Median household income $140k, new homes sell for $750k-$1 million.
286 - 288 City Island Avenue, Bronx, NY, 10464
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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