The subject property is a 7 story, mixed use elevator building on the corner of Buchanan Place and Davidson Avenue. Built in 2020, the building spans 18,014 square foot and consists of one retail unit, eight studio units, ten (1) bedroom units and seven (2) bedroom units. The structure is built 50' by 62' and sits on a 50' by 100’ R7-1 zoned lot. The property benefits from a 35-year 421a tax abatement that expires in 2056. The property is located within a half mile of the 4, B and D Subway lines, giving an investor the ability to capitalize on the commuting tenant market.
27 Buchanan Place, Bronx, NY, 10453
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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