Introducing this remarkable mixed-use corner property situated at 1019-1025 Allerton Avenue, boasting an impressive 50' x 100' lot size and R4-1 Zoning. Constructed around 1950, this enduring solid-brick building comprises four units as per the Certificate of Occupancy, with three designated as storefronts and one featuring a spacious three-bedroom apartment on the top floor. Noteworthy amenities include a substantial basement on one side of the building and convenient rear parking. With real estate taxes averaging approximately $8. 14 per square foot and a total gross floor area of approximately 5, 250+/- Square Feet, this property offers ample potential. Presently owner-occupied, this property will be delivered vacant, subject to the approval of the NYS AG's Office. Don't miss this exceptional opportunity to acquire a mixed-use property in a highly accessible location, close to highways, public transportation, schools, shopping centers, parks, medical facilities, and places of worship. Act swiftly to secure your stake in this lucrative venture, as opportunities of this caliber seldom linger.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $3,399 | $3,399 | $3,399 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,855 | $10,694 | $14,498 |
Total Monthly Payment | $13,379 | $14,218 | $18,022 |
* 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.