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175 Princeton Street is a three-story building containing three (3) units with two (2) 4-Bedroom/2-Bathroom units and one (1) 4-Bedroom/1. 5-Bathroom unit with 4, 128 square feet of gross living area in 5, 268 square feet of gross area situated upon a 0. 08-acre parcel. All units’ individual condo’s, feature condo quality finishes, improved by granite countertops, updated cabinetry, stainless steel appliances, dishwashers with plumbing and electrical upgrades throughout. Tenants are responsible for ALL utilities at the Property, including gas powered heat & hot water, separately metered electricity, and city water & sewer. Unit 3 features in-unit laundry, while Unit 1 & 2 have laundry in the basement. Additionally, there is a recently finished bonus room in the basement which can add to the square footage of Unit 1. Property is currently assessed at $1, 763, 700 as Three Condos. Opportunity exists to increase income by converting back into a 3-Unit property and potentially reducing taxes.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,675,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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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 | $1,340,000 | $1,340,000 | $1,340,000 |
| 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 | $1,838 | $1,838 | $1,838 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,608 | $8,142 | $11,308 |
| Total Monthly Payment | $9,571 | $10,105 | $13,271 |
* 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.