Investors, Developers and Dreamers! This is the unique opportunity you have been waiting for. Two parcels combined create .87 acres with 191 feet of frontage on Broadway in Woodmere. This Entertainment and Retail center has been a successful landmark location in Five Towns since 1948. Now is your chance to invest. Harness the growth potential of this prime development site, or take it over and be part of the legacy. Currently home to five businesses being two retail units, a cooking school, a state of the art bowling alley and busy nightclub. Expertly maintained beam and block building with high ceilings and full basement, two parking lots, municipal parking across street, public transportation on block. Bowling alley and nightclub can be negotiated or delivered vacant. Do Not contact or disturb any tenants, staff or patrons.
948-958 Broadway, Woodmere, NY, 11598
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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