208 N 5th Avenue in Mount Vernon, NY presents a unique value-add redevelopment opportunity in a well-positioned, accessible location. Formerly operated as a community center, the 10,019 +/- SF building sits on a 0.23 +/- acre lot and offers a substantial footprint for investors, owner-users, or developers seeking to reposition the property for a new use. The existing structure requires a full gut renovation, creating a blank-canvas scenario for a buyer to reimagine the space from the studs out and design a layout tailored to their vision. With its convenient Mount Vernon setting and proximity to area amenities and transportation corridors, the property is well suited for groups looking to capitalize on an established neighborhood location while executing a comprehensive build-to-suit transformation.
208 N 5th Avenue, Mount Vernon, NY, 10550
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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