|
Here’s a rare development deal in a prime Pelham Bay location. 3144 Sands Place (50x100 lot) is being sold together with the adjacent 3146 Sands Place (25x100 vacant lot) as a package deal for $999, 999, offering a combined 75x100 (7, 500 SF) lot with multiple development potential. After architectural zoning analysis, there are options for builders looking to maximize the site. Option 1 includes separating the property into three 25x100 lots and constructing three 15-foot-wide homes at approximately 1, 500 SF each, designed with duplex layouts and rear ADUs, allowing for a potential total of 6 to 9 units depending on final configuration. Option 2 includes renovating the existing house on the 50x100 lot, converting the garage into an approximately 800 SF 2-bedroom ADU with kitchen and bath, and building an additional 1, 500 SF home with a rear ADU, creating a potential total of 6 units (2 two-family homes and 2 one-family ADUs). Fencing and demolition approvals are already in place, and schematic drawings for Option 1 are included in the photos to showcase the proposed design concept. Just a short walk to the 6 train on Westchester Avenue, close to local shops, restaurants, schools, and minutes to I-95, Hutchinson River Parkway, and Pelham Bay Park — making this a highly convenient location that will continue to attract strong tenant demand.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$799,999
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $639,999 | $639,999 | $639,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | $535 | $535 | $535 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,584 | $3,833 | $5,145 |
| Total Monthly Payment | $4,211 | $4,460 | $5,772 |
* 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.