Huge level vacant lot in a sought after block on Grand St, Newburgh. 5400 sq ft total !! This lot is unusually wide, and one of the deepest lots on this section of Grand St. See aerial photos.
The zoning here is RM :
"Residential - Medium-Density (R-Med) - zone characterized by one- to four-family structures and limited commercial uses that are functionally compatible with intensive residential use."
Also, 159 is located in the East End Historic District which has the potential for great tax credits and exemptions. Namely the 444A Tax Exemption, and the SHPO Tax credit program.
https://www.tax.ny.gov/pdf/current_forms/orpts/rp444a_fill_in.pdf
https://parks.ny.gov/preservation/programs/tax-credit
Buyer and buyer agent to do all due diligence. Please do not go on property without an appointment.
159 Grand, Newburgh, NY, 12550
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
