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This is an incredible opportunity in a top-notch location near major highways and Interstates in the tri-state area - bordering New Jersey and Pennsylvania. Currently this property is operated as a warehouse, successful retail and bulk storage facility with a large mulch yard, and a huge supply of topsoil and hard-scape materials. Favorable HMU zoning allows for a large range of possible uses. This impressive property consists of 5 lots totaling 11. 5+ acres with nearly 300 feet of frontage on both NYS Route 97 and the Delaware River and almost 1100 feet of frontage on Hook Road. The enormous road frontage on two roads offers superior access to most of the property directly from the road. Four buildings make up nearly 11, 000 SF of warehouse space with plenty of room for expansion. There are 9 bays in total and a maximum ceiling height of 12 feet with 6600+ SF of heated space. A drilled well and 2 septic systems service the property. This is an awesome offering for a trucking business, light manufacturing, construction business, lumber company, automotive/ truck repair establishment, storage warehouse facility and more. Camps and campgrounds are also permitted with planning board approval and Delaware River frontage along with a great location is an added plus! Located just minutes from the thriving city of Port Jervis, Interstate 84, NJ Transit station, and the PA/NJ borders, this property offers unbeatable convenience and access.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,396,000 | $2,396,000 | $2,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.214% | 6.361% | 6.203% |
| Monthly Tax Payment | $1,593 | $1,593 | $1,593 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,793 | $14,753 | $20,219 |
| Total Monthly Payment | $15,511 | $16,471 | $21,937 |
* 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.