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Opportunity knocks in one of Long Island’s most desirable commercial storefront located in the heart of Main Street, Smithtown. This is zoned as central business and is ideal for investors or business owners seeking visibility, space, and growth potential. Previously home to the long-standing and successful A&E Unfinished Furniture retail store, this property has since been transformed into a thriving educational center and professional office space. The building has been well maintained and recently upgraded, including a fully finished basement with outside entry and bathroom, effectively doubling your usable space. Zoning ideal for office, retail, education, medical, bar/ restaurant, funeral home, professional services and more! Fully finished lower level with separate access and bath. Main level currently built out for professional/office use. High-traffic, walkable location close to shops, dining, LIRR, and major roads. If you are looking for office use, this is move-in ready! Priced to sell, this opportunity will go to the highest and best offer with favorable terms. We are looking for a fast sale and are ready to pass the torch to the next success story. Your success is our success, let's seal the deal!
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Our Executive Mortgage Banker:
$899,999
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 | $719,999 | $719,999 | $719,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $1,494 | $1,494 | $1,494 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,088 | $4,375 | $6,076 |
| Total Monthly Payment | $5,674 | $5,961 | $7,662 |
* 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.