531 State Route 32, Highland Mills, NY, 10930 | $999,000

Here's a rare chance to acquire a delightful two-story building, with high visibility on Route 32 offering a professional yet inviting atmosphere. The property is surrounded by meticulously landscaped shrubs and decorative stonework, enhancing its curb appeal. As an added bonus, the ramp leading to the door provides accessibility and convenience for all your costumers. The 1, 250 Sq Ft on the ground floor is perfectly designed for office use, with a comfortable waiting room, a reception area, half bath and private office that is perfect for client meetings or focused work. A convenient kitchen breakroom is available for employees to recharge during the day. The space is bathed in natural light, thanks to large windows, creating a bright and productive work environment. The second floor houses a residential apartment with 1300 Sq Ft and has been fully renovated in 2018. It features a spacious kitchen complete with Quartz countertops, recessed and under the cabinet lighting and stainless steel appliances. The kitchen opens to a Trex deck with vinyl railing and electric awning, offering the perfect setting for relaxation or entertaining while enjoying views of the backyard. There is a cozy and comfortable family room, two bedrooms, and a full bath, all with high ceilings and big, custom windows for an abundance of light and space. This apartment can serve as a private living space or be seamlessly integrated into the office layout. The full basement plus a pull-stairs attic offers an abundance of space to meet all your storage needs. The detached 2 car garage offers space for a workshop as well with a split unit for cooling and heating added in 2020. Close to major highways, Woodbury common and surrounded by businesses, offices and residential homes. This versatile property offers excellent income potential, with the option to rent each unit separately or combine them for a larger commercial setup. Whether you're looking for a new office space, a home, or both, this property is perfect for your needs.

Features

  • Property Type: Office
  • Construction: Frame, Vinyl Siding
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Parking: 17-car, Detached, Garage, Garage Door Opener, Heated Garage, Parking Lot, Private
  • Levels: 2
  • Heating: Forced Air
  • Cooling: Central Air
  • Units: 2
  • Year Built: 1892
  • Acreage: 0.4
  • Est. Taxes: $14,020
  • Lot Desc: Back Yard, Cleared, Corner Lot, Landscaped, Level
  • Appliances: Cooktop, Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Tankless Water Heater, Washer, Water Softener Owned
  • MLS#: 940585
  • Days on Market: 34 days
  • Website: https://www.raveis.com
    /prop/940585/531stateroute32_highlandmills_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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.

Eligio Ochoa LopezLicensed Real Estate Salesperson

631.599.3132

Eligio.Lopez@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Jennifer HartRegional Sales Manager, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

531 State Route 32, Highland Mills, NY, 10930

$999,000

Eligio Ochoa Lopez

Licensed Real Estate Salesperson

William Raveis Real Estate

Phone: 631.599.3132

Eligio.Lopez@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $799,200 $799,200 $799,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $1,168 $1,168 $1,168
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,413 $4,792 $6,637
Total Monthly Payment $5,673 $6,052 $7,897

* 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.