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Presented by
The Connie Widmann Team |
Douglas Elliman Commercial proudly presents 1001 Scott Avenue, Calverton — a planned Class A industrial development offering approximately 70, 445± SF of premium warehouse space on 10. 07 acres within a future industrial park. Designed for modern efficiency and scalability, the proposed facility features 38’ clear ceiling heights, 52' x 50' column spacing, and permitted outdoor storage, ideal for logistics, manufacturing, or distribution operations. Strategically located near I-495, NY-27, and NY-25, this property provides seamless access to the East End, Hamptons, and New York City markets. Plans are currently in the municipal approval phase. Notably, 1001 Scott Avenue is exempt from the Riverhead Town Board’s 2024 moratorium on industrial development outside the Calverton Enterprise Park, allowing this project to move forward without restriction. Highlights: Planned Class A industrial warehouse (approx. 70, 445± SF) on 10. 07 acres, 38’ clear ceiling heights and 52' x 50' column spacing, Permitted outdoor storage, Strategic East End location with NYC accessibility, Exempt from current industrial development moratorium
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,500,000
Sales Associates
William Raveis Real Estate
Phone: 203.856.6491
Connie.Widmann@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.520.1925
Laurie.Berger@raveis.com
NMLS Mortgage Loan Originator ID 12578
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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 | $3,600,000 | $3,600,000 | $3,600,000 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,159 | $21,874 | $30,136 |
| Total Monthly Payment | $20,284 | $21,999 | $30,261 |
* 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.