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MIXED USE IN A SUPER LOCATION. . . Just like new, income producing property off of Route 32/Lake Street. . . Located in the RM zone. Newly built in 2018 this modern, energy-efficient, fully sprinklered building offers paved parking, separate metered utilities, all municipal services, ductless air conditioning/heating. The first floor features light-commercial space that can be used as a contractor's office or general use office with storage area and overhead door. Great space for architect, engineer, insurance office, beauty salon, etc. Second floor offers a lovely 3-bedroom apartment. Currently operating as a short-term rental or can be for long-term residential use. Located in the center of Newburgh, in walking distance from the newly renovated public pool, recreation center. . . etc. Short drive or walking distance from great eateries, the waterfront, local historic sites, services and amenities. Easy, convenient access to I-84, NYS Thruway, US Route 9W and State Routes 17K & 32. Great investment potential or space for your business. This is a property that will suit your needs. Newer construction, Zone-friendly, income-ready, and primed for your next move.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$548,000
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 | $438,400 | $438,400 | $438,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.609% |
| Monthly Tax Payment | $410 | $410 | $410 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,489 | $2,626 | $3,553 |
| Total Monthly Payment | $2,991 | $3,128 | $4,055 |
* 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.