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Presented by
Kevin Kuehl |
7604 Route 23, Durham, NY, 12405 | $1,250,000
The Inn at Point Lookout has been a landmark in the Catskill Mountains for over 70 years. On a clear day the panoramic view from this location encompasses the White Mountains of New Hampshire, the Green Mountains of Vermont, the Berkshire Mountains of Massachusetts, the Helderberg Mountains of New York and the Connecticut Valley. The Inn is internationally known for the spectacular 5-state view. Located 1900 feet above sea level, this spot has long been a resting place for travelers. In the 1920s, an entrepreneur built the first Point Lookout, only open during the summer. The Inn at Point Lookout is perfectly situated as a premiere restaurant, catering and events facility. The kitchen was designed by a graduated chef of Johnson & Wales Culinary Institute and was completely overhauled and fitted with new plumbing, refrigeration, sinks and more. Occupancy is 105 in main dining room allowing room for a DJ and dance floor. Total capacity for restaurant level and bar area including catering room is 217 people according to Durham Code Enforcement. Lower level is massive lending itself for an additional event space. The Catskills are a destination for event goers, corporate retreats, weddings and large family gatherings. This timeless beauty is awaiting a renaissance!
Features
- Property Type: Mixed Use
- Construction: Frame
- Heating: Propane, Baseboard, Hot Water
- Cooling: Zoned, Wall Unit(s)
- Units: 14
- Zoning: none
- Year Built: 1965
- Est. Taxes: $22,391
- Appliances: Dishwasher, Oven, Refrigerator
- MLS#: H6238360
- Days on Market: 361 days
- Website: https://www.raveis.com
/prop/H6238360/7604route23_durham_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Kevin KuehlSales Associate
239.207.6792
Kevin.Kuehl@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Evelio MirandaInsurance Sales Director, William Raveis Insurance
561.704.7334
Evelio.Miranda@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
7604 Route 23, Durham, NY, 12405
$1,250,000
Kevin Kuehl
Sales Associate
William Raveis Real Estate
Phone: 239.207.6792
Kevin.Kuehl@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.430% | 7.014% | 6.790% |
| Monthly Tax Payment | $1,866 | $1,866 | $1,866 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,076 | $6,569 | $8,780 |
| Total Monthly Payment | $8,067 | $8,560 | $10,771 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535