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Nestled in the vibrant heart of New Haven, just steps from Yale University, this iconic commercial building on Chapel Street offers a rare opportunity for savvy investors and visionaries. For the past 30 years, the space has been home to the beloved "Beauty Plus, " but with Ms. Mel's well-earned retirement, this property is now ready for its next chapter. Boasting 4, 300 square feet of main-level space and an additional 4, 300 square feet in the lower level, this property offers unparalleled flexibility and potential. Whether you envision a bustling cafe or restaurant, stylish apartments, or an exciting new retail concept-this space is your blank canvas. Located in a high-traffic area experiencing significant development and growth, this is your chance to capitalize on New Haven's momentum. Endless possibilities. Prime location. A legacy waiting to be reimagined. Are you ready to invest in the future of Chapel Street?
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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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.761% | 6.764% | 6.560% |
Monthly Tax Payment | $2,114 | $2,114 | $2,114 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,728 | $5,117 | $6,907 |
Total Monthly Payment | $6,934 | $7,323 | $9,113 |
* 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.