Presenting a prime investment opportunity in major location, this fully occupied eight-unit building offers month-to-month leases and strong rental potential. 24 bedroom, 8 bathrooms, Interior sqf: 10, 152. The property consists of four spacious four-bedroom units and four two-bedroom units, providing a diverse mix of living options. Ideally located near Yankee Stadium, major schools, hospitals, and the Bronx Courthouse, this property enjoys convenient access to public transportation with nearby 4 and D subway lines and several bus routes, including Bx6, Bx13, BxM4, Bx2, Bx1, and BxM4. Additional features include a basement unit with a separate entrance, offering a three-bedroom, one-bathroom layout. For all units tenants are responsible for electricity and cooking gas, while the landlord covers maintenance, heat, and hot water. Property sold as. BuildingAreaSource: Public Records,
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | $1,047 | $1,047 | $1,047 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,678 | $6,157 | $8,304 |
Total Monthly Payment | $6,850 | $7,329 | $9,476 |
* 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.