Please check the documents for the set up with all income and expense details.
Fully renovated and mixed use asset on a prime corner in Bedford-Stuyvesant. The property is in close proximity to the S, C, A G trains, along with Brooklyn MTA bus 38, 44, 48 and 52 lines. The top floors are supreme Class A office space, with 15+ foot ceilings, oversized windows, brand new heating and cooling systems and ample lavatories.
405-407 Gates Ave, Brooklyn 11216 (403 Gates ave vacant lot 18.75*100 R6A, C2-4 )
R6A, C2-4 zoning
$7,500,000 for building. $1,500,000 for the lot. Will sell together or bldg first
Price Per Square Foot: $667
Year built: 1931
SF: 11,250
Lot SF: 3,750
405 Gates Avenue, Brooklyn, NY, 11216
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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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