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25 West Neck has three buildings on the property; Building one has two tenants and is 48 x 34. 2. basement, there are two furnaces with two 275-gallon tanks. There is Ample Parking on the property. Building two is one tenant-occupied and is 24. 3 x 33. 5. Building 3 Griffin is 34 x 32 with a 10-ft overhead door. The building has large signage out front. There are water wells for all buildings; attached are plans to show the layout of the spaces. Two tenants occupy the front building. Tenant one is a bagel company occupying 1, 655 sq. Ft. Board health approval, front entry with porch and 7ft overhang. New 2018 air conditioner/heat, Exhaust added 2020, fire suppression system, walk-in refrigerator, grease trap 2024, fenced-in dumpster area, and much more. The second tenant is a dog groomer occupying approximately 1600 sq—ft. Renovated in 2005, it includes a water filter, grooming area, laundry room, and retail section. The middle building was occupied for years by a dentist. In the 2021 handicap ramp, a hair studio with a 24x33. 5 full basement, balcony doors, and a redone interior was constructed. The third building is a butler’s with a drive-thru door, open space, electric door, pad dumpster, six-inch concrete floor, and 100 amp. The owner had used it for storage. There are currently two leases for two of the four spaces.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.001% | 5.858% | 5.681% |
| Monthly Tax Payment | $337 | $337 | $337 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,584 | $11,671 | $16,342 |
| Total Monthly Payment | $11,046 | $12,133 | $16,804 |
* 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.