Seize the opportunity to establish your business in the bustling heart of Union Square, Somerville! Formerly a Caribbean grocery store, perfectly situated near the Union Sq & Gilman Sq Green Line stops on the MBTA, ensuring high foot traffic and excellent accessibility and easy access to public transportation. Nestled in a vibrant area surrounded by a variety of charming mom-and-pop shops, this space benefits from a lively community atmosphere and constant pedestrian flow. The property is divided into two separate 1, 000 sq. ft. units, ideal for housing two distinct businesses. Please note, due to zoning regulations, these units cannot be combined. Each unit is equipped with central heating and air conditioning, ensuring a comfortable environment year-round. The space also features an upgraded electrical system with two separate meters, providing flexibility and efficiency for each business. Currently vacant and secured with a lockbox, this space is ready for immediate occupancy.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$5,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $4,000 | $4,000 | $4,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $1,604 | $1,604 | $1,604 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $27 | $27 | $34 |
Total Monthly Payment | $1,706 | $1,706 | $1,713 |
* 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.