An exceptional opportunity in the heart of the North Fork—this 3.9-acre parcel offers rare subdivision potential in a prime Main Road location. With current zoning and town approvals, the property can be divided into two lots as it stands, with the possibility of creating up to four building lots through the purchase of two Transfer of Development Rights (TDRs). Preliminary meetings with the town and planning department have been favorable, indicating that a subdivision of this nature is achievable. Buyers are encouraged to conduct their own due diligence. Please note that no offers “subject to” subdivision will be considered. Ideally situated near vineyards, beaches, farm stands, and local restaurants, this property combines development potential with the very best of North Fork living.
534 Main Road, Aquebogue, NY, 11931
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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