Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Mixed-Use Corner Building In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 2 Stores, 6 Parking Spaces, High 10' Ceilings, Strong R5 Zoning, (4) 2 Br. Apts. , Basement, LED Lighting, 200 Amp, Power, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!! Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L. A. Fitness, Sunoco, Dollar Tree, Wendy's, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Property Can Be Bought In Addition To 482 Atkins Avenue For Only $2. 474m!!! Income: Laundromat: $48, 000 Ann. Grocery Store: (600 Sqft. ): $30, 000 Ann. ; Lease Exp. : 5/1/29; $600 Ann. Inc. Unit 2R (2 Br. , 1 Bath): $21, 600 Ann. M-M. Unit 2L (2 Br. , 1 Bath): $21, 600 Ann. M-M. Unit 3R (2 Br. , 1 Bath): $21, 600 Ann. M-M. Unit 3L (2 Br. , 1 Bath): $21, 600 Ann. M-M. Total Gross Rent: $164, 400 Ann. Expenses: Gas: $2, 800 Ann. Electric: $780 Ann. (Hallway + Basement Only) Maintenance & Repairs: $250 Ann. Insurance: $4, 823 Ann. Water & Sewer: $2, 000 Ann. (Excluding Laundromat) Trash: $0 Ann. Taxes: $15, 973 Ann. Total Expenses: $26, 626 Ann. Gross Income: $164, 400 Ann. Net Operating Income (NOI): $137, 774Ann. (8. 62 Cap!!!) , o
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Our Executive Mortgage Banker:
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$1,599,000
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 | $1,279,200 | $1,279,200 | $1,279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,331 | $1,331 | $1,331 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,364 | $8,085 | $10,795 |
Total Monthly Payment | $8,820 | $9,541 | $12,251 |
* 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.