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Prime commercial property for sale on bustling Route 9G in Hyde Park. This property hosts two distinct buildings offering a mix of stable income and versatile potential. Situated in a high traffic location with over 15, 000 vehicles passing by on a daily basis. The existing 5, 000 sq ft garage and office building which is currently leased to long term tenants would provide immediate rental income which exceeds the property taxes and insurance on the property. A brand new 700 sq ft retail building has been designed as a modern drive-up and walk-up coffee shop but could be utilized for a variety of uses as well. Ice cream, quick-service eatery or boutique retail, it's contemporary design and excellent roadside visibility make it a standout opportunity. With one building generating steady rental income and the other offering a fresh canvas for entrepreneurial ventures, this property is perfect for investors seeking both stability and growth. Seize this rare chance to own a dynamic commercial property in a thriving Hudson Valley location, whether you are an investor or business owner looking to capitalize on Hyde Park's growing market and high-traffic corridor.
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$1,300,000
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 | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,209 | $1,209 | $1,209 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,504 | $6,069 | $8,498 |
| Total Monthly Payment | $6,838 | $7,403 | $9,832 |
* 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.