AREAS BEST VALUE - TRIPLE NET ASSET (NNN) * Prime STNL ~ 2, 600 Sq. ft. Restaurant/Q. S. R. Building situated on one of LONG ISLANDS' BUSIEST COMMUTER & TOURISM COORIDORS. Location to a multitude of Nationally Branded Q. S. R. /RETAIL & FAST FOOD establishments. Consistently high V. P. D/ Daily traffic counts on a fifteen mile corridor that feeds directly to Long Islands SMITH POINT BEACHES & SEASONAL EVENTS (OVER 300, 000 VISITORS SEASONALLY). Prime Downtown Business Generator location servicing BOTH local Residents and Seasonal visitors. Brand new Interior & Exterior renovation in- progress, including: New Kitchen; Ansul; HVAC; Flooring; Dining Areas; Roofing; Parking; Landscaping; Facade' etc. . for Zero (0) deferred maintenance to new Owner. Easy access location with TWO (2) Crosswalks leading directly to Building and Full Sidewalks for 24Hr. Pedestrian Traffic. Lighted Intersection location. Full Lighted BUILDING & PYLON Signage from (3) directions. Unobstructed sight lines from BOTH North & South William Floyd Parkway. Stabilized Food Service Tenant in place on ten (10) year Lease. Annual C. P. I Increases. Prime Q. S. R. Long Term Asset. , Additional information: Building Size: 2556, Business Located At: 440 William Floyd Pkwy, Rental Income: Y, vac_perc: 0
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,175,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $940,000 | $940,000 | $940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,534 | $1,534 | $1,534 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,486 | $5,941 | $7,932 |
Total Monthly Payment | $7,145 | $7,600 | $9,591 |
* 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.