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-**Attention Developers and End Users!** Don’t miss this incredible opportunity to own 4. 5 acres of pristine land in the highly sought-after Chestnut Ridge area. This prime parcel comes with a thoughtful concept plan designed to accommodate approximately 30, 000 square feet of office space, with the possibility of expanding even further through variances. The proposed development features three spacious floors plus a basement, ensuring ample room for diverse business activities. The property is thoughtfully planned with over 95 dedicated parking spaces, providing convenience for both employees and clients. All preliminary site work has been meticulously completed, including comprehensive wetland assessments, ensuring a smooth transition to the construction phase. An updated survey is readily available upon request to guide your vision. This versatile property presents various development opportunities, including potential uses for schools, synagogues, or residential housing. The sale includes two adjoining lots: 31 and 37 Scotland Hill Road. The first lot contains a charming house in excellent condition, offering immediate utility or potential rental income during the planning stages of your project. **This property is being sold as-is!** Seize this rare chance to create your vision in a thriving community. Act quickly—properties of this caliber rarely become available! Please ensure to schedule a confirmed appointment before visiting the site. DON'T GO ON THE PROPERTY WITHOUT A CONFIRMED APPOINTMENT!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,600,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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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 | $2,880,000 | $2,880,000 | $2,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,681 | $17,267 | $23,916 |
| Total Monthly Payment | $15,806 | $17,392 | $24,041 |
* 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.