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Strategic, flexible, and positioned for upside. This fully renovated professional office building offers almost 4, 700 SF with a total of 26 private offices across multiple levels, plus a conference room, designed for maximum flexibility and scalability. The property is currently operating with a flexible office model, offering a range of office sizes and pricing tiers. Existing occupancy provides insight into real market demand, while a significant portion of the space remains available for lease-up, creating immediate opportunity to increase revenue. Completely renovated in 2024, the building features a new roof, boiler, HVAC systems, updated windows, and fully renovated bathrooms, providing peace of mind and minimizing near-term capital expenditures. Currently operating at partial occupancy, the property provides immediate income while presenting a clear value-add opportunity to significantly increase cash flow through lease-up or repositioning. The main level features a welcoming reception area, conference space, kitchenette, and private offices with modern finishes including LED lighting, central air, and a security system. Additional levels expand functionality with multiple offices, open work areas, restrooms, and separate access points, ideal for multi-tenant use, executive suites, or a single end-user configuration. A unique opportunity for investors or owner-users to secure a move-in-ready asset with income in place, flexible future use, and strong upside potential. Whether you choose to operate, improve, or reposition, this property offers multiple paths to maximize value. Schedule your showing today and explore the full potential of this opportunity.
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Our Executive Mortgage Banker:
$899,000
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 |
|
|---|---|---|---|
| Loan Amount | $719,200 | $719,200 | $719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.223% | 6.058% |
| Monthly Tax Payment | $2,532 | $2,532 | $2,532 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,027 | $4,370 | $6,021 |
| Total Monthly Payment | $6,651 | $6,994 | $8,645 |
* 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.