Introducing 330 C Street, the chance to make your mark on Boston’s thriving hospitality market. This property has full approval to build a brand new six-story 72-room Boutique Hotel featuring a ground-floor restaurant. 330 C Street is located right across the street from the Boston Convention and Exhibition Center (BCEC), featuring over 500, 000 SF of exhibit space which welcomes over 316, 000 attendees per year. In addition to the lobby bar, this hotel also features a rooftop terrace, giving guests panoramic views of the neighborhood and the skyline. The site is located at the intersection of the burgeoning Seaport, Fort Point and South Boston neighborhoods, conveniently located for convention attendees, business travelers, tourists and staycationers alike. The lot is currently occupied by a vacant single-story concrete building, formerly a repair garage, and is ready for you to bring your design and start construction on a new landmark in Boston hospitality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,276,000 | $5,276,000 | $5,276,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $29,957 | $32,915 | $44,166 |
Total Monthly Payment | $30,082 | $33,040 | $44,291 |
* 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.