Mixed-use opportunity in the heart of town! Two attached properties, 223 & 225 Warren St, includes 3 commercial units, 3 residential apartments, a 3-car garage, and a charming courtyard. Versatility defines these propertiesmaintain long-term commercial tenancies or unleash your entrepreneurial spirit running a business on Warren St. The 225 Warren Bar & Grill occupies the first floor, a thriving owner-occupied STR occupies the second floor, with a 4-bed apartment. The third floor houses long-term tenant in a 2-bed apartment. Meanwhile, 223 Warren St is home to the renowned Tanzy's breakfast spot, 225 Scoops ice cream shop (newly renovated), and a second-floor 2-bed apartment with a long-term tenant. The package includes a renovated 3-car garage and a backyard perfect for outdoor dining at the restaurants. Proximity to the Amtrak station enhances accessibility. 223 Warren is available for $925, 000. 225 Warren Bar expresses interest in continuing to lease its space and will sign a lease with new owners.
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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 | $1,899,200 | $1,899,200 | $1,899,200 |
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 | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,783 | $11,849 | $15,899 |
Total Monthly Payment | $10,908 | $11,974 | $16,024 |
* 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.