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Offering two flexible commercial spaces adjacent to the MJN Convention Center, McCann Ice Arena, and the DoubleTree by Hilton, this property presents a prime opportunity for a restaurant or business in a high-traffic location. The building may be leased as one expansive space totaling 7, 047 square feet, or two separate units. The first unit in a highly visible front corner space of 3, 758 square feet, is ideally positioned to capture the thousands of visitors attending nearby events, as well as steady foot traffic from surrounding local businesses, including the County Courthouse, County Government offices, and the Bardavon. The second unit consists of 3, 127 square feet, located in the center of the building on the first floor, and is zoned for a wide variety of permitted uses, offering excellent flexibility for tenants. The property is easily accessible from Route 9 and Route 44/55 and is conveniently located within walking distance to the Poughkeepsie train station, as well as multiple municipal parking lots and garages, making it an ideal location for both local and destination driven businesses.
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Our Executive Mortgage Banker:
Our Insurance Division:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $15 | $15 | $15 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.419% | 5.668% |
| Monthly Tax Payment | $5,347 | $5,347 | $5,347 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $0 | $0 | $0 |
| Total Monthly Payment | $5,422 | $5,422 | $5,422 |
* 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.