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Mix-used property with Multi Family and 1 commercial spread across a building of 4 floor with full open basement total newly built in year 2015, fully occupied with commercial and medical space. Rent Roll is as follow: Bsmt - $2, 915 Medical office with half bath 1F - $4, 489 Beauty Salon with Half bath 2A - $1, 900 1br 1ba Apt 2B - $1, 850 1br 1ba + small storage space 3A - $1, 880 1br 1ba Apt 3B - $1, 900 1br 1ba + small storage space 4A - $1, 890 1br 1ba Apt 4B - $1, 860 1br 1ba + small storage space Expenses: Real Estate Tax Commerical: $11, 930 Real Estate Tax Residential: $1, 424 Insurance: $6, 530 Water/Sewer: $5670 Utilities: $863 Maintenance/Repairs: $4, 032 The annual income $224, 208 And expenses $28, 795, 15 years 421-a Tax Abatement. all units with separate meters for gas and electricity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,450,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,960,000 | $1,960,000 | $1,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | $975 | $975 | $975 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,283 | $12,389 | $16,672 |
Total Monthly Payment | $12,383 | $13,489 | $17,772 |
* 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.