This versatile commercial building is located on the vibrant Sutphin Boulevard. It is a prime location for apartment buildings and business centers with proximity to myriad transportation options; the purchaser can use this property for numerous business ventures. This property is being sold in an As Is condition. Presently, it's 4 floors are used as follows: basement - utilities and storage; first and second floors - event spaces, including a dance floor and hall featuring gorgeous exposed red brick; and the fourth level is used as office space. With the grand yard space and attractive zoning, this property can be expanded to accommodate the owner's creativity and imagination. Developers and investors are welcome.
12210 Sutphin Boulevard, Jamaica, NY, 11434
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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