A rare opportunity to build mixed use consisting of commercial/professional and multi-family with huge income potential.
The 1st floor as commercial and the 2nd and 3rd floors residential apartments.
An architect has drawn 4 concept plans ranging from commercial space and lobby with (4) 2-bedroom apartments to commercial space and lobby with (6) 1-bedroom apartments.
One example:
1st floor commercial/professional space = 500 sf
1st floor lobby = 562 sf
2nd floor 3 residential units = 2,546 sf
3rd floor 3 residential units = 2,5646 sf
Each residential apartment = 760 sf
Parking spaces = 10
Land in Chappaqua is indeed a rare commodity, especially one with this amount of upside potential - don't miss this unique opportunity.
The concept plans are available upon request.
65 S Bedford Road, Chappaqua, NY, 10514
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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