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Discover a rare investment opportunity in the heart of Nyack! This well-maintained four-unit income-producing property offers an exceptional combination of strong rental potential, walkability, and long-term growth. Featuring three 1-bedroom units and one spacious 2-bedroom unit, this property totals 5 bedrooms, 4 bathrooms, and 2, 196 sq ft of finished living space. Originally built in 1912 and thoughtfully updated with an effective year of 2010, the home blends classic Nyack charm with modern function. Units feature hardwood and tile flooring, eat-in kitchens, formal dining rooms, and a finished full basement offering additional storage or common space flexibility. Tenants enjoy convenient on-street and driveway parking, public sewer and water, and efficient utilities including natural gas, baseboard/hot water heating, and window A/C units. Located just steps away from downtown Nyack’s shops, restaurants, transportation, and waterfront parks, this property maintains constant rental demand. Perfect for both investors looking to expand their portfolio or owner-occupants seeking rental income to offset costs, this quadplex delivers both stability and upside. Don’t miss this incredible opportunity in one of Rockland County’s most desirable rental markets!
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $799,200 | $799,200 | $799,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,529 | $1,529 | $1,529 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,229 | $4,664 | $6,530 |
| Total Monthly Payment | $5,850 | $6,285 | $8,151 |
* 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.