Realty Center International LLC proudly presents Unit #2 of The City Blue Building at 119 N 11th St, Tampa, an exceptional opportunity to own an office condo in a distinctive, one-of-a kind mixed use building situated in the highly sought-after Channel District of Tampa. This boutique mixed use building has only 3 floors of office condos and is topped off on the 4th floor with an exclusive penthouse condo. Located directly in the core along with the prestigious Water Street Tampa development and Sparkman's Wharf, this property is positioned perfectly as part of the ongoing transformation of Tampa’s Channel District, not just into a dynamic Live-Work-Play community, but a prestigious destination for all. With the 2nd phase of Waterstreet ready to start and the new Ybor Harbor development in the plans, all in the same location, it is a perfect time to take advantage of this opportunity. The unit is currently a shell ready to be developed into whatever it is you desire. Plus, the owner is offering financing with a 50%$ down payment for 5 years adding flexibility to your investment strategy.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,400,000
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 | $1,920,000 | $1,920,000 | $1,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $1,001 | $1,001 | $1,001 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,453 | $12,136 | $16,725 |
Total Monthly Payment | $13,579 | $13,262 | $17,851 |
* 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.