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Perfect property for an investor and a user, current owner has 1/4 of the space and will vacate when new owner takes over. The new owner can use this space for their own business or rent it out for extra income. This beautifully renovated professional office building is now available for sale in Pearl River, NY. There is presently a beauty salon acquiring 3/4 of the building paying rent in the amount of $2, 575 per month and 75 % of the utility bill. This charming and highly visible office space with address 189 South pearl street is also known as Rt. 304. The building is perfect for a variety of professionals, including dentists, chiropractors, physical therapists, psychotherapists, medical doctors, spas, salons, and yoga/fitness studios. The building features separate laundry facilities on the main level, as well as a wheelchair/handicapped accessible ramp in front. There are 10 on-site parking spaces, and the building has two separate entrances. The six spacious and airy office areas all have windows, and there is a stunning reception area. Each separate office has plumbing with water lines in the walls if needed. The building is equipped with central air conditioning, three handicap-accessible bathrooms, Wi-Fi, and surveillance cameras. Located on Route 304 in Pearl River, the property is situated on the border of Bergen County (Montvale, NJ) and is conveniently close to shops, restaurants, and public transportation, including NJ Transit train and bus lines. The property also includes a fenced yard and a large basement for storage, and a new furnace and hot water heater were recently installed in January 2023. Please note pictures were taken before the beauty salon was a tenant. It's now set up as a beautiful salon
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $575,200 | $575,200 | $575,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.571% | 6.533% | 5.668% |
| Monthly Tax Payment | $1,748 | $1,748 | $1,748 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,403 | $3,589 | $4,662 |
| Total Monthly Payment | $5,243 | $5,429 | $6,502 |
* 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.