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For Sale – Prime 3-Story Property Near the Heart of Patchogue Ideally situated within walking distance to vibrant downtown Patchogue, this expansive three-story property presents a rare and highly versatile opportunity for investors, educational operators, community organizations, or buyers seeking substantial residential living with additional accommodations. Previously utilized as an education center by a religious organization, the property offers exceptional flexibility and scale. Its layout is particularly well-suited for continued institutional or community-focused use, including preschool and daycare operations (subject to proper permits and approvals), while also offering strong potential for residential conversion or income-producing purposes. Main Residence Features: • 3 full levels of living space • 6 generously sized bedrooms • Expansive living room and formal dining room • 3. 5 bathrooms • Large kitchen equipped with appliances • Two washers and two dryers for enhanced convenience and multi-occupant functionality Additional Highlights: • Separate guest house — ideal for administrative offices, staff quarters, rental income, or extended family use • Carport on the back side. • Spacious, open backyard offering abundant outdoor space — suitable for recreation, gatherings, or playground potential • Bright and airy interiors with a flexible and adaptable floor plan Located near Patchogue’s restaurants, shops, parks, and transportation, this property combines size, functionality, and prime location in one of Long Island’s most desirable and growing communities. Whether your vision includes operating a preschool or daycare center, continuing community use, establishing a grand multi-generational residence, or repositioning as an investment property, this distinctive three-story offering delivers exceptional opportunity and long-term value. A rare and versatile property in a premier Patchogue location.
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$995,000
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 | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,262 | $1,262 | $1,262 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,396 | $4,709 | $6,557 |
| Total Monthly Payment | $5,750 | $6,063 | $7,911 |
* 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.