HUGE DEVELOPMENT SITE IN PRIME BRONX LOCATION!! These are two separate adjacent lots. 1) Block 4729, Lot 13, 3540 Tiemann Avenue and 2) Block 4729, Lot 30, 3542 Tiemann Avenue, Bronx, NY 10469. Zoning is R5. With city pre-approved plans and surveys (attached to listing in documents). Also with DOB sprinkler system approvals for both lots. Can build two 3-family houses or two 2-family houses. Located on US-1, prime location, next to Walgreens. These lots can also be used for parking purposes up to 20 cars. Lots are fenced-in. Lot 1: FAR / MAX FAR 0. 000 / 1. 250. Lot 2: FAR / MAX FAR 0. 440 / 1. 250. Please verify all info with your architect. Call for City Approved Plans and Surveys. Developers, Investors, don't miss out on this one!
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $631,200 | $631,200 | $631,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,306 | $4,253 | $5,412 |
Total Monthly Payment | $4,398 | $4,345 | $5,504 |
* 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.