Iconic Landmark Building Awaits Your Vision in Prime Downtown Locale. . . Own a piece of history! Discover a rare gem in the heart of downtown New Canaan - an iconic landmark building that beckons visionaries and entrepreneurs alike. Nestled at the bustling crossroads of South Avenue and Cherry Street, this magnificent two-story structure offers a canvas of 5, 000 square feet, ripe with possibility. As you step through the doors, a grand waiting room welcomes you, leading to a stunning wood-paneled library that exudes timeless elegance. With twelve private rooms, three expansive work areas, and kitchenette the building's versatile layout adapts effortlessly to your ambitions, be they retail, residential, professional or a dynamic mix. Unique features abound, from dual entrances and staircases that ensure smooth foot traffic, to a historic Mosler Vault that adds both character and security. Practicality meets potential with a basement for storage and an attic for future expansion. Convenience is key, with easy parking and the train station just a stone's throw away. This isn't just a property; it's a statement piece in the suburban landscape, a chance to etch your legacy into one of New Canaan's most highly sought after pieces of real estate. Rich in history and brimming with opportunity, this exceptional landmark could become the cornerstone of your success. Don't let this opportunity slip through your fingers - arrange a private tour and . . . (continued) witness firsthand the potential of this marquee property.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
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 | $2,513 | $2,513 | $2,513 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,648 | $12,616 | $16,843 |
Total Monthly Payment | $14,286 | $15,254 | $19,481 |
* 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.