Presented byGina McDonald - Gina McDonald Team |
Why lease your business space and make your landlord rich when you can own your own business location at very low cost? This great freestanding building enjoys the benefits of a long term (200 year!) land lease at $1/year. Perfect for office, retail, personal training, spa, therapist, gallery, photography studio the possibilities are endless. The first floor retail commercial space, recently used as dog grooming service, is easily converted to a professional office or other use. Located on one of Brewster's busiest roads, it is the perfect space to build your business while enjoying a comfortable Live-Work lifestyle, with its legal attached apartment. Alternatively, rent the two story apartment to cover the taxes. Fully permitted, extensive renovations were completed within the last ten years, including a large reception area/6 rooms/restroom on the first level. The apartment living room/kitchen/full bath/separate entrance/patio are on the first level, with bedroom/walk in closet above. A huge unfinished basement provides major storage. The remarkable location, adjacent to two major shopping centers, offers a high visibility opportunity to build a thriving clientele. Now that it's tax season, imagine the significant tax advantages of owning this type of property. You'll be glad you did. Ready for your next move? Reach out today.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
Sales Associate
William Raveis Real Estate
Phone: 860.712.8171
Gina.McDonald@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.305.7387
Mark.Greene@raveis.com
NMLS Mortgage Loan Originator ID 115078
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $857 | $857 | $857 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,791 | $2,689 | $3,450 |
Total Monthly Payment | $3,723 | $3,621 | $4,382 |
* 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.