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Prime 3, 489 sq ft mixed-use building on vibrant State Street in the East Rock section of New Haven. The main level of the building features a stylish commercial space plus a one-bedroom apartment, both currently leased to a well established and successful business. The remodeled commercial space has high ceilings and huge windows with great visibility for passersby. The one-bedroom apartment offers a spacious eat-in kitchen, a large bedroom, and a full bath. The second floor has a 1, 182 sq ft two-bedroom, one-bath apartment currently used as a pizza themed Airbnb. The apartment features a formal living room, a large dining room, a remodeled kitchen with laundry, and a renovated bathroom. The third floor offers incredible expansion possibilities with a bonus ~1000 SQ ft of living space, including 2 finished rooms as bedrooms and extra space that could be used as an additional living space. The space could be combined with the second floor to make a massive 4-5 bedroom unit. Separate gas boilers for each unit, separate electricity with a house meter and replacement windows. Shared driveway with 4 parking spaces plus a patio. This is truly a superb investment opportunity! The sale only includes the building. The business is not for sale. The sale only includes the building. The business is not for sale.
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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 | $716,000 | $716,000 | $716,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $1,055 | $1,055 | $1,055 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,065 | $4,350 | $6,042 |
| Total Monthly Payment | $5,212 | $5,497 | $7,189 |
* 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.