99 Rochelle Street, Bronx, NY, 10464 | $150,000
Exceptional redevelopment opportunity in City Island. 99 Rochelle Street features a bungalow/cottage currently considered a tear down, offering investors, builders, and developers the chance to unlock the full potential of this sought after location. This property is not being sold separately and is included as part of a three property package consisting of 99, 101, 103 Rochelle Street. Total asking price for all three properties is $999, 000. The package includes multiple residential parcels plus an option to include the rare bonus of 83 Rochelle Street (additional $250, 000), a vacant direct waterfront lot. Together, this assemblage presents a unique chance to redevelop, renovate, or create a larger scale residential project in one of New York City’s most distinctive waterfront communities. Zoning is reported as R3A with the Special City Island overlay. Buyers are encouraged to consult their architect, engineer, and attorney regarding permitted uses, density, FAR, and redevelopment potential. Located in highly desirable City Island, enjoy a neighborhood known for marinas, waterfront dining, and a coastal village atmosphere while remaining within New York City. All information is deemed reliable but not guaranteed. Buyers should independently verify zoning, dimensions, condition, permits, and development potential.
Features
- Rooms: 2
- Bedrooms: 1
- Baths: 1 full
- Style: Other
- Year Built: 1920
- Heating: Other
- Cooling: Central Air
- Approx Sq. Feet: 612
- Acreage: 0.06
- Est. Taxes: $3,900
- Elem. School: Linden Tree Elementary School
- Middle School: Bronx Health Sciences High School
- High School: Contact Agent
- School District: Community District 11
- Appliances: Convection Oven
- MLS#: 988174
- Days on Market: 15 days
- Website: https://www.raveis.com
/prop/988174/99rochellestreet_bronx_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
99 Rochelle Street, Bronx, NY, 10464
$150,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $120,000 | $120,000 | $120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $325 | $325 | $325 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $719 | $758 | $996 |
| Total Monthly Payment | $1,119 | $1,158 | $1,396 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535