259 Westchester Avenue, Pound Ridge, NY, 10576 | $2,499,000

Directly across the street from one of the most notable restaurants in Northern Westchester - The Inn at Pound Ridge by Jean-Georges is this mixed-use offering composed of three unique spaces. A mixed-use property perfect for an end user or Investor! PROPERTY OFFERING AT A GLANCE: (1) A fully renovated main building/showroom/retail with a 1. 5M infusion in improvements. (2) Three-bedroom 2-bath exquisite residential rental and (3) Two-story renovated barn. INVESTMENT: Income-producing property suited as an investment offering a strong return with long-term tenants in place and room for additional income in the huge, newly renovated storage barn. All tenants to continue leases, encouraging years of guaranteed income. OR an end user can come in and make this their own with the benefit of added rent from the apartment. Now let’s get to the property details: (1) RETAIL SHOWROOM: Expansive showroom and large retail offering with appointed kitchen and bath- this very large open space features wide plank reclaimed hardwood flooring, ample lighting, and an inviting area for work or retail or general office. (2) RESIDENTIAL APARTMENT: Private entry and appointed private outdoor patio space. Incredible design and details with a large great room with a vaulted ceiling. Primary Bedroom showcases a vaulted ceiling, primary bath with claw-foot tub and a walk-in closet. Two bedrooms share an appointed bathroom. (3) TWO STORY BARN: Entire space has new Heat and AC with first floor garage/storage space/utility room. The second floor offers and large expansive space/studio/office and can possibly be converted to residential. Space is currently storage with options for added rent that can be office/residential. THE STORY: Located in the heart of the historic hamlet of Pound Ridge, this building was the former Samuel Parker house that was built in 1860. The mixed-use building was the old Schelling’s Market, and Samuel Parker Cafe. After a complete interior and exterior renovation, it currently features, The Huntress, a high-end Interior Design and retail home furnishings store. This unusual offering has high visibility on the corners of Routes 124, 172 and 137. Right next door is the town-owned Conant Hall and nearby to the Hiram Halle Library and Pound Ridge Historical Society. Ample on-site parking.

Features

  • Property Type: Retail
  • Construction: Frame
  • Utilities: Electricity Connected
  • Levels: 2
  • Heating: Forced Air
  • Cooling: Central Air
  • Units: 3
  • Acreage: 0.27
  • Est. Taxes: $23,961
  • MLS#: 964970
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/964970/259westchesteravenue_poundridge_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.Listing courtesy of Coldwell Banker Realty   Phone: 914-232-7000

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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259 Westchester Avenue, Pound Ridge, NY, 10576

$2,499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,999,200 $1,999,200 $1,999,200
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% 6.031% 5.885%
Monthly Tax Payment $1,997 $1,997 $1,997
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,040 $11,826 $16,468
Total Monthly Payment $13,162 $13,948 $18,590

* 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.