A very unique two-story mixed use income property offers endless possibilities. The first level features a 3-store office/retail space central AC, two bath with plenty of parking spaces, ideal for retail, office, or commercial use, all within a highly desirable C2 zoning in Mamaroneck. Each store and the apartment have their own electric and separate gas meters. The second story is a bright and spacious 3-bedroom, 1. 5-bathroom apartment that feels like a house, complete with an eat-in kitchen, dining area, charming living room, hardwood floors, ample closet space, central A/C, in-unit laundry, dishwasher and private attic storage. Located in a not flood zone of Mamaroneck School District, this property is just a 3-minute walk from the Metro North Train Station, downtown Mamaroneck, Palmer avenue and local restaurants. With its prime location and flexible layout, 4 separate gas & electric this property is perfect for both business and residential use. BuildingAreaSource: Public Records, ConstructionDescription: Stucco, Vinyl Siding,
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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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,159 | $1,159 | $1,159 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,451 | $5,989 | $8,036 |
Total Monthly Payment | $6,735 | $7,273 | $9,320 |
* 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.