Perfect corner downtown New Rochelle location for your business. The 4, 500+ square foot jewelry shop has been there for decades and is closing the end of February, beginning of March. There is plenty of time to organize and plan with an architect to submit plans and receive approval to move your business in quickly. Perfect location for retail, church, restaurant, etc. The owner willing to work with potential tenants to provide renovation time within reason. Asking of $35 per square foot is below current market conditions and offers a great opportunity. The Centre Avenue side of the building storefront windows can be re-opened to offer lots of light and business exposure on that side of the building. This property is centrally located in the middle of approximately 4000 newly constructed apartment and retail units and is in close proximity to Metro North Railroad. This storefront will not last, call us today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$13,125
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $10,500 | $10,500 | $10,500 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $2,079 | $2,079 | $2,079 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $73 | $71 | $89 |
Total Monthly Payment | $2,227 | $2,225 | $2,243 |
* 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.