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Prime ~6000 SQ FT commercial office building that sits on a rare . 41 acre parcel one block form Yale/Saint Raphael's hospital. The property is in the RO zone and is comprised of 4 adjoining parcels; 1481 Chapel ST(6000 SQ FT office building on . 17 acres), 1485 Chapel St (. 11 acre lot), 15 Hotchkiss St (. 06 acre lot) and 17 Hotchkiss St (. 07 acre lot). This property would be prime for redevelopment into a mixed use or residential building. Huge gated parking lot with parking for at least 24 cars. The entire building is currently used by a single user medical office. The first level features high ceilings, beautiful original details with stain glass windows & fireplace, reception area, 2 half baths and 12 office/exam rooms. The second level features 7 additional office/room(s) with 1. 5 tiled baths. Would be a perfect conversion to a residential unit. The building has an unfinished space in the attic, perfect for expansion. The basement has been finished with an additional ~1500 SQ FT with large rooms, 3 built out offices and a half bath. Don't miss out on this incredible opportunity to purchase a building and land with endless potential for redevelopment, live/work space, medical office or mixed use apartments/commercial. This one truly should not be missed!
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William Raveis Real Estate
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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 | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.953% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,580 | $1,580 | $1,580 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,008 | $5,602 | $7,844 |
| Total Monthly Payment | $6,713 | $7,307 | $9,549 |
* 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.