Located in a highly desirable investment area! Corner Building, right by the Subway Station! Building Size 25*70! 1750 sqf per Floor! 1st Floor + 2nd Floor + Finished Basement! Currently occupied by a well-established restaurant with stable operations. The lease has expired and is now on a month-to-month basis, with current rent at $15,200/month for the entire building. Offers significant upside potential in rental income and flexibility for end-user or redevelopment. Perfect for cash buyers and 1031 exchange investors seeking a quick closing and a seamless transaction.
6902 Roosevelt Avenue, Flushing, NY, 11377
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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