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Presented by![]() Nancy Currlin |
We are pleased to offer this well-maintained Industrial facility, that also offers potential for adaptive reuse to residential. PROPERTY HIGHLIGHTS Fully Sprinklered, Wet System Heating: Main System, Oil Fired, Gas units in Warehouse 400 amp, 3 Phase Electrical Service Built in 1919, Very Well Maintained Freight Elevator PROPERTY SUMMARY Lot Size: . 77 Acre / Building Ceiling Height-Varies 10' to 12' Masonry Construction Zone: RM-1 3 Parcels Included: 373 Lexington Avenue: . 77-acre site improved with a 32, 643 sf one to two story masonry factory / warehouse building constructed in 1919, the addition was constructed in the 70's. The 1st floor totals 19, 240 SF including the 6, 000 sf single story warehouse with overhead doors and dock. 2 Additional Parcels: Lexington Avenue: . 09 Acre site Land (Potential for Future Parking), 82 East Grand Avenue: . 12 Acre site-land (Potential for Future Parking)
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$2,250,000
Sales Associate
William Raveis Real Estate
Phone: 860.343.6818
Nancy.Currlin@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.764% | 6.435% |
Monthly Tax Payment | $2,882 | $2,882 | $2,882 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,362 | $11,526 | $15,434 |
Total Monthly Payment | $13,369 | $14,533 | $18,441 |
* 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.