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Discover an exceptional development opportunity in the highly sought-after Belmont neighborhood of the Bronx. Located at 416 East 182nd Street, this vacant lot presents the perfect canvas for investors, builders, and developers looking to capitalize on a prime location with strong growth potential. Spanning approximately 1, 258 square feet, the property features lot dimensions of 16. 5 feet by 76. 25 feet, offering a versatile footprint suitable for a variety of building possibilities. Zoned C8-3, the property allows for commercial and certain community facility uses, making it an ideal candidate for a range of development projects, subject to applicable regulations and approvals. Positioned in a vibrant and well-established area, the lot benefits from high visibility and accessibility, surrounded by a mix of residential, commercial, and retail activity. Its proximity to major thoroughfares, public transportation, and local amenities further enhances its appeal, ensuring convenience and strong future demand. Whether you are looking to develop for end use or investment purposes, this property offers a rare opportunity to build in one of the Bronx’s most dynamic neighborhoods. Don’t miss your chance to bring your vision to life in Belmont.
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Our Executive Mortgage Banker:
Our Insurance Division:
$299,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $239,200 | $239,200 | $239,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,396 | $1,453 | $1,939 |
| Total Monthly Payment | $1,471 | $1,528 | $2,014 |
* 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.