Key Features: Size: The restaurant space boasts a generous area of 1, 500 square feet, providing ample room for dining, kitchen, and other amenities. Location: Nestled in the vibrant neighborhood of Ridgewood, NY, this property enjoys high foot traffic and excellent visibility, ensuring a steady stream of potential patrons. White Box Delivery: The space is delivered as a "white box, " offering a blank slate for you to unleash your creativity and design your dream restaurant from scratch. Brand New Kitchen: This opportunity comes with the advantage of a fully built-out, state-of-the-art kitchen. You can immediately start creating culinary delights and impressing your customers. Customization Potential: The open layout and white box delivery allow for easy customization, enabling you to tailor the restaurant space to your unique branding and concept. High-Quality Infrastructure: The property comes equipped with modern utilities and top-notch infrastructure, ensuring your restaurant runs efficiently and meets all safety and health standards. Versatile Space: Whether you're envisioning an intimate bistro, a trendy caf?, or an upscale fine dining establishment, this space caters to various culinary concepts and styles. Ample Parking: Convenient parking options in the vicinity ensure easy access for your customers, encouraging repeat visits and increased patronage. Location Highlights: 903 Seneca Ave, Ridgewood, NY, enjoys the benefits of being situated in a bustling neighborhood with a diverse community and a strong local economy. The area is known for its thriving culinary scene, making it an ideal destination for food enthusiasts and gastronomic explorations. Key money: $225, 000 Featured Commercial Lease/Rentals
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $7,440 | $7,440 | $7,440 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $50 | $49 | $64 |
Total Monthly Payment | $125 | $124 | $139 |
* 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.