Presented byLisa Edgerton |
New to the market. After 38 years the owners are retiring from this well established Italian restaurant. Grossing more revenue than pre-covid. Newly remodeled and ready to go for the new owners. Easy to run enterprise. Very high traffic location. Excellent off street parking area . Newly paved. This is a package sale that contains the restaurant, building and adjacent rental property located at 3848 Whitney which has also been newly renovated. This is also fully occupied. All financials and rental income will disclosed to qualified buyer. Restaurant can also be changed to other styles/menus or use this location for high traffic retail, fast food, Drug store etc. Restaurant is closed on Mondays.
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$1,200,000
Sales Associate
William Raveis Real Estate
Phone: 203.533.1123
Lisa.Edgerton@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,669 | $1,669 | $1,669 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,756 | $6,227 | $8,363 |
Total Monthly Payment | $7,550 | $8,021 | $10,157 |
* 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.