Unique offering of a newly developed ground floor, commercial condo within a 30 residential condominiums and located in Nubian Square of Roxbury. Local zoning affords flexible use - restaurants, office and retail businesses are welcomed. The condo comes equipped with 14 ft ceilings, heating and cooling systems, an ADA compliant bathroom & sprinkler system. Located within close proximity to the highway, public transportation, local schools, municipal buildings, residential developments, Longwood and Boston Medical Areas, Northeastern University and local shopping. The commercial condo can be purchased with 1133 Harrison Ave (968sqft | $925, 000). Completion projected for Spring 2024. Commercial suite has a 200 AMP electric meter and sub-metered gas and water utilities. This suite can also be leased at $50/sqft NNN with credit for tenant improvements. Exterior vent-hood install included in purchase price for restaurants. Own your business & own this highly visible commercial condo!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,125,000
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 | $900,000 | $900,000 | $900,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $750 | $750 | $750 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,831 | $5,324 | $7,414 |
Total Monthly Payment | $5,706 | $6,199 | $8,289 |
* 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.