This unit is a versatile 624-square-foot office suite situated within the Arcadia Gardens Condominium, a residential building constructed in 1989. The suite features a half bathroom equipped with modern fixtures, and existing plumbing allows for the potential addition of a shower or bathtub to convert it into a full bathroom. Designed to accommodate professional needs, the unit includes a dedicated conference room suitable for meetings and collaborative sessions. Additionally, a flexible space is available that can serve as a private office, guest room, or creative studio, tailored to specific requirements. Ample storage solutions are integrated throughout the suite to keep office essentials organized and accessible. High-speed internet access is available, ensuring seamless connectivity for business operations. The building offers enhanced security measures, providing peace of mind, and convenient access for both clients and employees. Prospective buyers should note that the unit currently lacks electricity. Therefore, it is advisable to schedule viewings during daylight hours and to bring a flashlight to adequately assess the space. This adaptable office suite is ideal for professionals seeking a functional workspace within a residential setting, offering a harmonious balance between work and comfort.
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$150,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $389 | $389 | $389 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $788 | $798 | $1,012 |
Total Monthly Payment | $1,252 | $1,262 | $1,476 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.