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Located in the most north western portion of Sullivan County, Long Eddy, NY is, and may have always been, the final frontier. On the banks of the Delaware River, the town earned its name from the eddy portion of the river, that is, you guessed it, long. From the early days of timber rafting and acid factories to the present modern day of fishing and kayaking; the river has forever been a lifeline of commerce and recreation for the town. As the Long Eddy Hotel and Saloon along with the Long Eddy General Store are offered here as a collective package, an opportunity exists like few others. An opportunity to build off the decades old business that has fed and watered countless people and created countless memories over its lifetime. The six-room hotel above the restaurant and saloon is ideal for anyone looking to capitalize on short term rental market. Downstairs there are private dining rooms and a historic saloon style taproom with original tin ceilings and wood burning stove create a genuine atmosphere that can be felt year round. The outdoor tiki bar, picnic tables and bbq pit create the perfect setting for entertaining large groups and parties throughout the summer months. The adjacent general store is complete with kitchen and deli and a four-bedroom apartment upstairs. This entire offering is virtually an entire block of the town and an opportunity for a new owner to create a tremendous hospitality and retail business. The proximity to the river offers even more opportunity to capitalize on the thousands of Delaware river visitors annually. This is a real community here in Long Eddy where you can build off this one of a kind business situation to make it your own and create lasting community impact for years to come.
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Our Executive Mortgage Banker:
Our Insurance Division:
$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** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,054 | $1,054 | $1,054 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,824 | $6,319 | $8,706 |
| Total Monthly Payment | $7,003 | $7,498 | $9,885 |
* 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.