Calling All Investors, Developers & End-Users!!! 92, 930+ Sqft. Development Site Just Off Sunrise Highway For Sale!!! The Buildings Feature Great Exposure, Excellent Signage, 8 Lots, 184 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, All New LED Lighting, 200 Amp Power, +++!!! The Properties Have 300+ Feet Of Frontage On Albany Ave. !!! Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Health, Target, The Home Depot, QuickChek, Extra Space Storage, Dunkin', Walgreens, CityMD, Valero, Taco Bell, McDonald's, Checkers, KFC, Burger King, Red Lobster, Dollar Tree, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 241-243: 3 Unit Mixed-Use Building Barbershop: $19, 800 Ann. M-M (Delivered Vacant) Salon: $20, 400 Ann. M-M (Delivered Vacant) 1 Br Apartment: $26, 400 Ann. M-M (Delivered Vacant) 249: 8 Br. , 2 Bath House: $72, 000 Ann. M-M (Delivered Vacant) 251: Legal 2 Family House 1st Floor 3 Br Apt. : $42, 000 Ann. (Delivered Vacant) 2nd Floor 2 Br Apt. $33, 600 Ann. (Delivered Vacant) 253: Vacant Lot: $48, 000 (Delivered Vacant) 261: Legal 2 Family House 1st Floor (2 Br. Apt. ): $30, 000 Ann. M-M (Delivered Vacant) 2nd Floor (2 Br. Apt. ): $30, 000 Ann. M-M (Delivered Vacant) 267: Parking for Various Trucks: $24, 000 Ann. M-M. (Delivered Vacant) Pro Forma Gross Income: $346, 200 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $2, 842 Ann. Taxes: $40, 777 Ann. Total Expenses: $43, 619 Ann. Net Operating Income (NOI): $302, 581 Ann. (Pro Forma 13. 83 Cap!!!) , or
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,188,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,750,400 | $1,750,400 | $1,750,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,662 | $1,662 | $1,662 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,215 | $11,064 | $14,771 |
Total Monthly Payment | $12,002 | $12,851 | $16,558 |
* 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.