THIS MULTI USE COMMERCIAL PROPERTY IS A FREE STANDING CORNER BLDG WITH GREAT CAR AND FOOT TRAFFIC AT THE INTERSECTION OF NE 5TH AVE & NE 1ST ST IN DOWTOWN DELRAY BCH. THERE ARE LARGE GLASS CORNER STOREFRONT WINDOWS FOR EXCELLENT STREET EXPOSURE AND DISPLAY. IT HAS 2868 SQ FT OF AVAILABLE FLOOR SPACE FOR LEASE. NNN LEASE AT $33. 00/ SQ FT +$12/Sq Ft CAM=$10, 755/month Rent. BUILDING HAS 16+1 HANDICAPPED OFF STREET PARKING SPACES AND THIS UNIT HAS USE OF 8. THIS IS A LARGE, MOSTLY OPEN, SPACE WITH AN OFFICE/WORK ROOM AND AN INVENTORY/STOCK ROOM IN BACK AREA WITH OVERHEAD GARAGE DOOR ACCESS. ESTABLISHED RETAIL OR OFFICE USES PREFERRED AT THIS STRATEGICALLY PLACED PROPERTY. INFORMATION CONTAINED HEREIN IS DEEMED RELIABLE BUT NOT GUARANTEED. POTENTIAL TENANT(S) TO VERIFY ALL INFORMATION (SEE MO
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $8,604 | $8,604 | $8,604 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $3,638 | $3,638 | $3,638 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $58 | $57 | $73 |
Total Monthly Payment | $3,771 | $3,770 | $3,786 |
* 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.