Introducing Driftwood On Central, an exceptional mixed-use building available for purchase. This brand-new architectural gem showcases modern design and holds all necessary permits and Certificates of Occupancy. Located in the thriving Grand Central/Kenwood area, this property offers endless potential. With 145 feet of frontage on Central Ave, it enjoys prime visibility in the vibrant Grand Central District. The building features 5 residential units, each comprising 12 spacious and beautifully designed bedroom suites. It also boasts 5 commercial storefronts on Central Ave, providing excellent opportunities for various businesses. Convenience is paramount, with 5 attached private garages for residents and businesses. The building encompasses 16, 177 square feet, offering ample space for your vision. Commercial features include 12-foot ceilings, storefront glass, finished baths, fire safety compliance, and separate utilities. The residential units offer impact windows, upgraded appliances, level 2 quartz countertops, high ceilings, balconies with a view, and modern flooring. Driftwood On Central represents exceptional quality and potential. Don't miss this unique opportunity to own this remarkable mixed-use property. Contact us today to explore this one-of-a-kind offering.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,000,000
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 | $4,000,000 | $4,000,000 | $4,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,944 | $25,612 | $35,120 |
Total Monthly Payment | $26,069 | $25,737 | $35,245 |
* 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.