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Medical office building on busy Francis Lewis Boulevard. For sale: Asking $9M Also For Lease: $15, 000/mo. (1st flr. 4800 SF) $14, 000/mo. (2nd flr. 5000 SF) The basement has been leased to a long term medical office, the current rent is $19, 000/mo. This Is A Huge Medical Building In The Heart Of Bayside/Flushing With Private Parking For 17 Cars. Completely Set Up As Medical/Hospital Facility. 1st, 2nd Floor, Basement Set Up For Medical/Offices, plus 400 SF on the 3rd floor for Landlord’s storage use. State Of The Art Geothermal Heating And Air Conditioning Systems. 27 Examination Rms, 10 Consultation Offices, 3 Reception/Waiting Room, Elevator. The building was completely renovated from the basement to the third floor in 2008. Zoning: C1-3 / R4 & R2A Two lots totally 10, 985 SF, Building 10, 530 SF, 17 parking spots. Tax: $73, 922 * 3rd flr. around 400 SF is for Landlord’s storage use. * Can be delivered vacant. * 17 parking spots, Each spot around $200 a month. So extra monthly income around $3400. Priced To Sell or Lease!
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Our Executive Mortgage Banker:
$9,000,000
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 | $7,200,000 | $7,200,000 | $7,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $6,160 | $6,160 | $6,160 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $40,881 | $43,168 | $60,758 |
| Total Monthly Payment | $47,166 | $49,453 | $67,043 |
* 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.