Prime Jackson Heights 2 story 2,818 Sq.Ft commercial building plus a legal retail basement. Rare Vacancies in area. Heavy pedestrian and vehicle traffic. Only 1 block to the ultra busy 90th Street #7 subway platform. (5 million annual passengers) Layout of the building is as follows:
First floor 975+-Sq.Ft. Beauty Salon ($5,000 per Month. No Lease). 2nd Floor 943+-Sq.Ft office: (Vacant. Market $3,250 per Month). Lower Level/Basement: 900+- Sq.Ft retail/office: (Vacant. Market $3,250 per Month). Projected rents when fully rented at market value is $144,000 per year. Expenses are $36,109. Net Income: $101,891 (5.91 Cap)
88-22 Roosevelt Avenue, Jackson Heights, NY, 11372
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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