|
Presented by
Team Results |
27 Maltese Drive, Middletown, NY, 10940 | $1,799,999
What an opportunity to OWN over 6, 000± sqft of mix use space of retail, warehouse space and grandfathered in residential space right on the Miracle Mile of Route 211! Exceptional visibility, easy access, and incredible potential for an owner-user, investor, or redevelopment play. (Legal address: 27 Maltese Drive, the road behind the building. ) This property includes a fully rented 3-bedroom apartment providing immediate income, plus a lower-level 2, 000± SF warehouse ideal for storage, trades, or service operations. Town approvals are in, and renovations have already begun! The current owner is moving forward with the construction of three individual storefronts, each with its own private bathroom. The project will also deliver brand-new flooring and modernized glass display windows for all retail units—perfect for professional services, boutique retail, or showroom concepts. Bring your vision and work directly with the owner during construction to tailor the spaces to your business or investment goals. Keep a storefront for your own operation and lease the others, or fully lease all units for a strong cash-flow investment on one of the most recognized commercial corridors in Orange County.
Features
- Property Type: Mixed Use
- Construction: Frame
- Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
- Heating: Forced Air, Natural Gas
- Cooling: Wall/Window Unit(s)
- Acreage: 0.58
- Est. Taxes: $12,626
- MLS#: 924493
- Days on Market: 125 days
- Website: https://www.raveis.com
/prop/924493/27maltesedrive_middletown_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Team ResultsSales Associates
347.697.9990
TeamResults@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 24240
914.494.1459
Vincent.DiMella@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
27 Maltese Drive, Middletown, NY, 10940
$1,799,999
Team Results
Sales Associates
William Raveis Real Estate
Phone: 347.697.9990
TeamResults@raveis.com
Vincent DiMella
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,439,999 | $1,439,999 | $1,439,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $1,052 | $1,052 | $1,052 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,512 | $8,289 | $11,671 |
| Total Monthly Payment | $8,689 | $9,466 | $12,848 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535