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This is a great opportunity to acquire a single-family lot as part of a larger assemblage for future redevelopment. The property sits in an area that is seeing strong redevelopment activity, with new projects, renovations, and investments happening all around. This kind of momentum makes the location attractive for builders, developers, and long-term investors looking to position themselves ahead of growth. The lot can be sold individually or as part of an assemblage, giving buyers flexibility depending on their plans. An adjacent lot is also available, creating the chance to combine parcels and unlock greater development potential. Assemblages like this are becoming harder to find as inventory tightens and demand continues to rise. Whether the goal is to hold, redevelop, or plan a larger project, this site offers solid upside in a transitioning area. Access, visibility, and surrounding improvements all support future value. If you are a developer or investor searching for land in an active redevelopment zone, this is an opportunity worth exploring. Reach out for details, zoning considerations, and assemblage options.
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Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
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 | $240,000 | $240,000 | $240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $461 | $461 | $461 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,439 | $1,497 | $1,977 |
| Total Monthly Payment | $1,975 | $2,033 | $2,513 |
* 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.