NEW PRICE (-$200K ADJUSTMENT)!!! GREAT LOCATION/ROAD FRONTAGE ON ULMERTON ROAD W/ HIGH DAILY TRAFFIC VOLUME (SR-688)!!! SELLER IS MOTIVATED & NEGOTIABLE. WILLING TO CONSIDER ALL REASONABLE OFFERS. NOTE TO DEVELOPERS: PURCHASE ALL 3 ADJACENT PARCELS - LISTED AND COMBINE/ASSEMBLE THE PROPERTIES FOR "HIGHEST AND BEST USE". There is a Hotel across the street and there is also HIGH DEMAND for Light Industrial/Income Properties, Self Storage Locations; new Apartment Housing or Condos; w/ Potential for 'Big Box' Retail. This location, combined with the adjacent parcels just East of the property line (also for Sale) if combined, would be an ideal location for redevelopment. Current Zoning: Mixed Use, Light Industrial (Light Manufacturing/Vacant Industrial). Lot features a wood frame structure w/ Central HVAC that can be used as an Office or can easily be "raised" (former SFR). Lot is currently being used to store some parked vehicles. This Lot is really an empty canvass just waiting for you! Land Area: 1. 2217 acres | 53, 217 sf.
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$1,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $477 | $477 | $477 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,708 | $8,708 | $11,941 |
Total Monthly Payment | $9,310 | $9,310 | $12,543 |
* 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.