Attention all commercial developers! Presenting a rare opportunity to acquire a prime commercial lot at 351 Hempstead Turnpike in the thriving community of Elmont, New York. It is within walking distance to the UBS Arena that seats 18, 500, the future 350, 000 square feet of upscale shops/restaurants, a 250 room hotel, and the new Elmont LIRR stop, making it a desirable location for both employees and customers. This corner lot is 9, 013 square feet of land, with endless potential for new commercial development. The existing building on the property is a tear down, offering a blank canvas for you to create the commercial space of your dreams. With high visibility and easy access to transportation, this lot is the perfect location for businesses looking to establish a presence in the Elmont area. The lot is zoned for commercial use and is surrounded by a mix of residential and commercial properties, making it an ideal location for businesses seeking to serve both the local community and the surrounding area. The large lot provides ample parking for customers and employees, ensuring a convenient and accessible location for your business. With its close proximity to major highways, including the Cross Island Parkway, this property has easy access to the rest of Long Island and the greater New York City metropolitan area. Don't miss out on this exceptional opportunity to build a new commercial property in one of Elmont's most sought-after locations. Inquire today to learn more about this exciting development opportunity! Neighboring tenants include Belmont park race track, UBS arena, Home Depot, chipotle, Applebee's, target, CVS, Marshalls, dunkin donuts, KFC, Burger King, Checkers, Taco Bell.
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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 | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,395 | $1,395 | $1,395 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,475 | $7,005 | $9,408 |
Total Monthly Payment | $7,995 | $8,525 | $10,928 |
* 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.