Huge investment opportunity with loads of potential for growth and additional revenue. Zoned Industrial B; with Residential, Commercial and Warehouse space all on the same site. Four detached buildings as well as rentable parking spots for trucks with and without trailers. Owner currently using part of the property - with all parts of the property rented, this property could be grossing $181, 000 a year. Easement alongside the lot backs onto Carle Place Railroad Station. With train, bus, restaurants, and shopping minutes away, this is a great residential spot as well. Four detached Buildings: Building #1: Legal two family two story building with 3br/1ba on upper floor, and 2br/1ba on ground floor. Basment currently storage, but has two means of egress. Parking next to building. Currently Rented. Building #2: Single family home converted to commercial offices. Parking in front and next to building. Currently rented. Building #3: Four individual garages (two with overhead doors) and parking in front and on side. Currently used by owner. Building #4a: Auto repair garage with a single bay with overhead door. Parking in front. Currently rented. Building #4b: Large garage with overhead door. Currently used by owner. Building #4c: Second Large garage with overhead door. Currently used by owner. Taxes were only protested once years ago, so opportunity is there to grieve taxes.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 7.014% | 6.790% |
Monthly Tax Payment | $4,525 | $4,525 | $4,525 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,750 | $9,460 | $12,643 |
Total Monthly Payment | $13,400 | $14,110 | $17,293 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.