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Worded acre - Flag Lot 28 Francis Mooney Drive, Ridge, NY Exceptional opportunity in the Town of Brookhaven! This expansive parcel offers the perfect canvas for a buyer, builder, or investor seeking to create a custom subdivision or private estate. The property is located in a residential zoning district and is subject to all Town of Brookhaven planning, zoning, and subdivision regulations. Highlights: Large parcel with potential for subdivision (conventional or cluster, subject to Town approvals). Convenient Ridge location, close to major roadways, schools, and local amenities. Situated within the Town of Brookhaven, which allows flexibility under New York Town Law §278 (Cluster Development). Buyer responsible for due diligence, surveys, subdivision applications, and securing all necessary permits/approvals. Note: All subdivision and development potential is subject to Town of Brookhaven Planning Board review and approval. Neither seller nor broker makes any representations as to the number of buildable lots. Buyer to verify all information independently.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$305,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $244,000 | $244,000 | $244,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,461 | $1,522 | $1,992 |
| Total Monthly Payment | $1,536 | $1,597 | $2,067 |
* 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.