Discover an unparalleled development opportunity in the heart of Greenwich, Connecticut. This fully approved 41, 472 sqft mixed use building on a multi parcel corner consisting of 1137 E Putnam Ave and 5 Sheephill Rd. offers investors and developers a rare chance to create a landmark project in one of the East Coast's most desirable locations. Greenwich combines serene, picturesque settings with the luxury and convenience of upscale living, making it a coveted spot for an exceptional development. With its approval status, bypass the extensive permitting process and jump directly into building! The location boasts easy access to major highways, public transportation and schools. This is more than just a piece of land; it's a canvas in a town known for its exquisite estates, top-tier schools, and unparalleled quality of life. Opportunities in Greenwich are scarce, making this offering exceptionally unique. For more information and to discuss the potential of this unique property, please reach out. Don't miss your opportunity to develop in one of the most sought-after locations on the East Coast.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $6,396,000 | $6,396,000 | $6,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $2,638 | $2,638 | $2,638 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $36,316 | $39,381 | $53,113 |
Total Monthly Payment | $39,079 | $42,144 | $55,876 |
* 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.