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Presented by
Stephen Hanson |
257 New Dorp Lane is a standalone former bank building located along one of Staten Island's most active neighborhood business corridors. The property features existing rear drive-through infrastructure, which may alternatively be reconfigured into on-site parking for approximately six to seven vehicles, subject to approvals. The building totals approximately 5, 000 square feet, including usable lower-level space, and offers approximately 16-foot ceiling heights, strong frontage, and excellent visibility along New Dorp Lane. The flexible layout allows for adaptation to a variety of commercial uses. Surrounded by established residential neighborhoods and neighborhood-serving retail and professional uses, the property benefits from steady local and commuter traffic and proximity to the New Dorp SIR Station. This is an excellent opportunity for an owner-user or investor seeking a highly visible, standalone asset with drive-through or parking potential in a dense residential corridor. Buyer to verify zoning, approvals, and gas service feasibility as part of due diligence.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
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$13,750
Sales Associate
William Raveis Real Estate
Phone: 203.847.6633
Steve.Hanson@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $11,000 | $11,000 | $11,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.396% |
| Monthly Tax Payment | $2,598 | $2,598 | $2,598 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $62 | $66 | $88 |
| Total Monthly Payment | $2,735 | $2,739 | $2,761 |
* 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.