Great mixed-use building with a potential income of over $400,000.00 after renovations! The store is currently owner occupied but will be delivered vacant or with existing inventory (in business over 30 years). All apartments will also be delivered vacant. Great high traffic location adjacent to Yemen Caf?. A full basement can be utilized as a storage room for the store. Plenty of space in the backyard for the addition of any extensions. Handicap accessible store: Two-story ceiling height with a second floor that provides ample space for office or extra storage. The building has three 3-bedroom apartments. New roofing was completed 1 year ago. The location is in the heart of downtown Brooklyn and is minutes away from the Brooklyn Bridge.
174 Atlantic Avenue, Brooklyn, NY, 11231
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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