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Available for lease, this 975-square-foot retail space at 1977 71st Street is located in the heart of the Normandy Isle commercial district. Featuring an open floor plan and direct street frontage, the property is ideally positioned for an art gallery, creative studio, or boutique business. The site sits at a strategic access point just east of the bridge to North Bay Village, home to established towers like Grandview Palace and hotels like the Palm Tree Club, while currently undergoing a transformation with luxury projects such as Shoma Bay, Continuum Club, and Pagani Residences. Additionally, the surrounding North Beach area is seeing increased density from new developments like Ella, Palma, and 72 Park joining anchors such as The Carillon. Please note: The showroom interior visible in the listing photos represents the modeled unit next door to demonstrate the space's potential. The available unit is ready for your vision, and the owner is willing to collaborate on improvements to customize the space for your business.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $36 | $36 | $36 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $1,291 | $1,291 | $1,291 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $0 | $0 | $0 |
| Total Monthly Payment | $1,366 | $1,366 | $1,366 |
* 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.