Location! Location! Location! A landmark Restaurant and tavern, built in 1814 and located in the Heart of Wurtsboro, NY on the busy corner of Route 209 and Sullivan St. The 3-story building has a full kitchen, main dining room (seating for 100 people), portion of the dining room can be used for event space, being separated by French doors, when needed. A second floor third dining area with seating for 40 . There is a porch overlooking the street with seating capacity 30. people The third floor is ready to build out as a B&B, apartments or owners' residence. Seller is working on B & B approvals, the drawings have been engineered but not approved. This magnificent building has a total capacity 170 and has been family owned for 88 years. a profitable restaurant for the last 40 years. The classic mahogany Rustic Bar with 8 beer taps and seating for 14 people creates a feeling of great food and good times are always happening. The building is over 9, 500 sq ft, a new roof has been installed, has a 400 amp 208V 3 phase electrical service, new oil burner just installed; upgraded kitchen; new exterior paint in 2020; an inhouse generator, 35 parking spaces including two handicap spaces, with an additional parking lot on the lower level. There is a second parcel included in the sale, Tax Map # 106. -2-1. 1 which has the Custard Stand ( about 1, 000 sq ft ) and a parking lot on it. There has been two new water lines installed into the building. One for water and the other for fire. About and hour from NYC only a few miles from the Resorts World Casino and The Kartrite Indoor Water Park. Wurtsboro is also home the The Bashkill Wildlife Management Area which is the largest fresh water ( 3, 107 acres ) wetlands in the State and attacks many many tourists.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,796,000 | $1,796,000 | $1,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | $1,292 | $1,292 | $1,292 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,058 | $11,798 | $15,893 |
Total Monthly Payment | $12,475 | $13,215 | $17,310 |
* 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.