The Corcoran Group is pleased to announce that it has been exclusively retained to facilitate the rental of the commercial storefront located at 186 Utica Avenue in bustling Crown Heights, Brooklyn. Just off of Park Place, the subject property is well-located on the East side of Utica Avenue, which is home to the busiest bus route in Brooklyn, serving over 44, 000 riders daily and the Utica Avenue 3 and 4 train stop which accommodates just about 29, 000 riders daily, offering extremely hi-visibility for retail, if desired and ease-of-access for your clientele. Its lots measures 19x55, offering 19 feet of frontage along Utica Avenue. Inside, the possibilities are endless. This offering presents visionary entrepreneurs of all types an opportunity to respond to New Yorks insatiable appetite for goods and services in our most populous locales. Consider becoming a part of the reshaping of Utica Avenue as this lovely emerging community transforms into a hotspot of trendy restaurants, boutiques and cafes that continue to open up along throughout the community. Offered at $2000/month.
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,600 | $1,600 | $1,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $11 | $11 | $14 |
Total Monthly Payment | $86 | $86 | $89 |
* 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.