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Located near Northern Blvd, this community facility property is available for sale or lease. Situated on a 50x150 lot, it offers 5 parking spaces, a long private driveway, and an elevator. Previously used as a daycare, the building features three levels with separate entrances, providing excellent flexibility for a variety of institutional uses. The approximate layout includes a 3, 000 sq ft first floor with high ceilings, a 3, 500 sq ft basement, and a 700 sq ft second floor with a balcony. The entire building can be leased for approximately $20, 000 per month, offering strong and stable income potential. Additional upside includes expansion potential and the benefit of a 10-year property tax abatement, along with a current low annual property tax of approximately $25, 000. Ideal for use as a daycare, senior center, after-school program, or other community facility purposes, as well as for investment. Additionally, it’s worth mentioning that the building offers expansion potential. The first floor has an 18-foot ceiling, allowing for an additional floor to be added. Electrical and main beams are already in place. There’s also an additional 1, 500 square feet of rooftop that can be built upon.
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Our Executive Mortgage Banker:
$3,990,000
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 |
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|---|---|---|---|
| Loan Amount | $3,192,000 | $3,192,000 | $3,192,000 |
| 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% | 6.235% | 6.058% |
| Monthly Tax Payment | $2,083 | $2,083 | $2,083 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,874 | $19,395 | $26,721 |
| Total Monthly Payment | $20,082 | $21,603 | $28,929 |
* 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.