65 S Bedford Road, Chappaqua, NY, 10514 | $639,000

A rare opportunity to build mixed use consisting of commercial/professional and multi-family with huge income potential. The 1st floor as commercial and the 2nd and 3rd floors residential apartments. An architect has drawn 4 concept plans ranging from commercial space and lobby with (4) 2-bedroom apartments to commercial space and lobby with (6) 1-bedroom apartments. One example: 1st floor commercial/professional space = 500 sf 1st floor lobby = 562 sf 2nd floor 3 residential units = 2, 546 sf 3rd floor 3 residential units = 2, 5646 sf Each residential apartment = 760 sf Parking spaces = 10 Land in Chappaqua is indeed a rare commodity, especially one with this amount of upside potential - don't miss this unique opportunity. The concept plans are available upon request.

Features

  • Lot Desc: Level
  • Elem. School: Douglas G Grafflin School
  • Middle School: Robert E Bell School
  • High School: Horace Greeley High School
  • School District: Chappaqua
  • MLS#: 966226
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/966226/65sbedfordroad_chappaqua_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 REO Edge LLC   Phone: 914-262-3919

William Raveis Family of Services

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Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

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65 S Bedford Road, Chappaqua, NY, 10514

$639,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $511,200 $511,200 $511,200
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 N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,024 $3,148 $4,143
Total Monthly Payment $3,116 $3,240 $4,235

* 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.