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Under contract-accepting backup offers. Contemporary mixed-use townhome with a commercial storefront on Central Avenue, in the heart of Grand Central District and Kenwood! Discover the final opportunity to own a new, move-in-ready mixed-use residence at Driftwood on Central, where modern design meets urban convenience. With certificates of occupancy secured and the first closing successfully completed, only three exceptional units remain in this exclusive collection of 11 townhomes. Each fee-simple townhome seamlessly integrates commercial and residential spaces, offering 12-foot-elevation commercial storefronts along Central Avenue paired with beautifully appointed living areas above. Designed with functionality and luxury in mind, these residences feature two spacious bedrooms, two and a half baths, and soaring 10-foot ceilings. Expansive private balconies overlooking vibrant Central Avenue. Impact-resistant windows for peace of mind and energy efficiency. Stylish quartz countertops and large plank tile flooring in wet areas. Sleek subway tile showers extending to the ceiling. Upgraded appliances, including a gas range, ideal for culinary enthusiasts. A spacious kitchen island, ideal for entertaining. In a high-elevation X500 flood zone, these rare mixed-use townhomes provide fee-simple ownership, a valuable and sought-after investment. With six townhomes sold and appraisals supporting list value, these remaining four units won’t last long. Set in the heart of the Grand Central District, residents will enjoy easy access to renowned dining, boutique shopping and cultural experiences, making this a premier live-work opportunity in one of the area’s thriving communities. Seize this limited opportunity to own a piece of contemporary urban living and schedule your private tour today!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.813% | 6.739% | 6.581% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,310 | $4,482 | $6,050 |
Total Monthly Payment | $4,402 | $4,574 | $6,142 |
* 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.