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Prime mixed-use investment opportunity located in the heart of downtown Port Jervis. 88–90 Front Street is a fully renovated mixed-use building featuring multiple retail storefronts and residential apartments in a highly visible walkable commercial corridor. The property consists of two street-level retail spaces with strong storefront presence along Front Street, along with three residential apartments above. The building has undergone significant renovation and modernization, creating an attractive opportunity for investors seeking a stabilized or value-add mixed-use asset. Situated in the City of Port Jervis’ Neighborhood Mixed-Use (NMU) zoning district, the property allows for a variety of commercial and residential uses, providing long-term flexibility and strong tenant demand potential. The building benefits from public water, public sewer, natural gas and electric utilities, and sits on a 41 × 100 lot in the center of the city’s growing downtown district. The location offers excellent foot traffic, proximity to shops, restaurants, and transportation, and convenient access to major commuter routes serving the Hudson Valley and the NYC metro region. This asset presents an excellent opportunity for investors seeking a mixed-use property with diversified income streams, strong retail visibility, and residential demand in an improving downtown market.
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Our Executive Mortgage Banker:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $310 | $310 | $310 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,928 | $5,347 | $7,367 |
| Total Monthly Payment | $5,363 | $5,782 | $7,802 |
* 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.