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Investors & Developers Dream! Prime Bronx Development Opportunity – Fully Approved 6-Unit Build-Ready Project Seize this exceptional opportunity in the heart of the Pelham Parkway section of the North Bronx! This shovel-ready site comes with fully approved architectural plans and active permits for a 6-unit residential development — In addition, developers can also accommodate plans for two three-family homes or two two-family homes, free-standing. Start construction immediately and capitalize on a neighborhood that’s rapidly expanding and in high demand. Property Highlights: • ? Approved 6-Unit Plans – Skip the waiting and red tape • ? All Permits in Place – Truly ready-to-build project • ? Excellent ROI Potential – Strong rental and resale market • ? Prime Pelham Parkway area Location – Easy access to major transportation, schools, and shopping • ? High-Demand Area – Ideal for investors or developers seeking immediate returns This is a turnkey development deal in one of the Bronx’s strongest growth corridors — the kind of gem that rarely hits the market. Whether you're building to hold or sell, the numbers make sense and the timing couldn’t be better. Don’t miss out — opportunities like this move fast. Schedule a site visit or request the full plans and financial details.
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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 |
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| Loan Amount | $719,200 | $719,200 | $719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,084 | $4,428 | $6,069 |
| Total Monthly Payment | $4,176 | $4,520 | $6,161 |
* 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.