Prime Approved Mixed-Used Development Site on Hempstead Turnpike in Elmont For Sale. An unique opportunity for investor, developer and end users. Town approved for a two story building with 8 apartments, 5 retail stores and a mid-size laundromat with 12 parking spaces. Location is less 3/4 mile walking distance to The New Belmont Park, UBS Arena and Belmont Village Shopping Center. This site at the center of Elmont town surrounded by strong demographics, greatly rental demand and consistent area growth offers tremendous mixed-uses development. This project benefits from a strategic location with high traffic exposure, minutes driving to Cross Island Parkway, Southern State Parkway and Long Island Expressway.
443 Hempstead Turnpike, Elmont, NY, 11003
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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