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Endless Possibilities in Prime New Rochelle Location! Ideally situated on a residential street in central New Rochelle, this spacious property is located in the RMF-0. 7 Multi-Family Zone. It offers nearly 4, 000 sq. ft. of versatile space—perfect for conversion or creative redevelopment. The first level, previously used for medical offices, features 10 rooms including two large rooms, a powder room, and multiple smaller rooms each with plumbing and sinks. Additional rooms above the first floor provide flexible space for storage or expansion. The second floor features a fully built-out 5-room, 2-bedroom apartment with updates throughout, plus two additional finished rooms in the attic. Fenced and gated backyard with 8 parking spaces Level lot Central AC on first floor, window units on upper floors Handicap-accessible ramp and 275-gallon oil tank in basement With its generous size, flexible layout, and zoning that allows for two-family conversion, this property is ideal for investors, developers, or owner-occupants with vision. Bring your imagination and contractor—this is a rare opportunity to create something truly special! Close to Montefiore Medical Center, transportation, and I-95. House sold as-is.
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Our Executive Mortgage Banker:
Our Insurance Division:
$900,000
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 | $720,000 | $720,000 | $720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $1,728 | $1,728 | $1,728 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,756 | $4,145 | $5,835 |
| Total Monthly Payment | $5,576 | $5,965 | $7,655 |
* 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.