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Exceptional Mixed-Use Investment Opportunity in Prime Larchmont, NY Now available in one of Westchester’s most desirable and high-traffic corridors—this fully renovated mixed-use property offers both immediate income and long-term growth potential. Located in the heart of Larchmont, this asset presents a rare opportunity to own in a premier retail and residential market with over 20, 000 vehicles passing daily. Key Highlights: Current Cap Rate: 7% Pro Forma Cap Rate: Over 8. 5% Unit Mix: (2) Spacious Two-Bedroom Residential Units Front Unit: Approx. 1, 100 sq ft 2 Bedroom with 2 full bathrooms, Rear Unit: Approx. 950 sq ft 1 bedroom with 1 full bathroom, (2) Ground-Level Commercial Units Front Office: Approx. 825 sq ft – currently tenant-occupied Rear Office: Approx. 975 sq ft + 825 sq ft finished basement – will be delivered vacant Additional Features: Fully renovated throughout with modern finishes Excellent visibility and signage potential Located in a high-demand retail corridor with ample street parking Walking distance to shops, transportation, and community amenities This is a turn-key investment offering stable cash flow and strong upside. Ideal for investors or owner-users seeking a premier Larchmont address. Contact us today for full financials or to schedule a private showing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $879,200 | $879,200 | $879,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.001% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,509 | $1,509 | $1,509 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,653 | $5,201 | $7,242 |
| Total Monthly Payment | $6,287 | $6,835 | $8,876 |
* 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.