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76 Chapel Street - Situated in the heart of New Haven, is finally for sale! The building at 76 Chapel Street is a single-story structure with 3, 266 sq ft designed to accommodate multiple service bays with 2 oversized bays, allowing for the simultaneous work and storage use. Its functional design includes large bay doors, facilitating easy ingress and egress for vehicles of various sizes. The current set up includes a customer waiting area and an office, along with 2 loft like office/storage areas. There are sheetrocked walls and ceilings throughout most of the building along with a framed out bathroom area with plumbing, along with ample parking is available on-site. The property is listed under RM2 zoning which is designated as a "High-Middle Density Residential" district. This zoning classification permits a variety of residential uses, including multi-family dwellings, subject to specific regulations outlined in the city's zoning ordinance - PER the City of New Haven, the new owner can still operate as a used car, general repair with no storage until that use is abandoned by the owner in writing!! please note ** the business is not for sale. The property is being sold vacant and empty of personal property at closing. Please keep in mind this was part of an estate. Therefore there are family members selling the property and have very limited knowledge on the property.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $240,000 | $240,000 | $240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.178% | 5.541% |
| Monthly Tax Payment | $553 | $553 | $553 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,363 | $1,439 | $1,929 |
| Total Monthly Payment | $1,991 | $2,067 | $2,557 |
* 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.