Fully available deal fell through. Explore the potential of this remarkable multi-family property nestled in the vibrant Bryn Mawr-Lockwood neighborhood of Yonkers. Boasting 3 generously sized apartments, this recently updated building presents an enticing opportunity for investors & owner-occupants alike. Consisting of one 2-bedroom unit & two 3-bedroom units, this property offers versatile living arrangements to accommodate various household sizes. Recent updates including new windows, roof, & stucco exterior, ensuring both durability & aesthetic appeal. Enjoy the convenience and cost-effectiveness of a newly installed gas boiler and hot water heater, providing reliable heating and hot water for all units. The property will be delivered vacant at closing, allowing for immediate occupancy or the flexibility to select your own tenants. Explore the possibilities with a full basement featuring a separate entrance & superintendent's office, ideal for additional storage or potential expansion opportunities Convenience is paramount w/ a driveway & parking area located at the rear & side yard of the property, providing ample space for residents' vehicles. Whether you're seeking an investment property w/ strong rental income potential or a spacious residence with rental income to offset expenses, this multi-family property offers endless possibilities. Property will trade with tenants #1 and #2 in place.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
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 | $799,200 | $799,200 | $799,200 |
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 | $1,183 | $1,183 | $1,183 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,856 | $5,250 | $7,017 |
Total Monthly Payment | $6,131 | $6,525 | $8,292 |
* 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.