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Prime commercial opportunity in the heart of Monticello! Majek Furniture, located at 314 East Broadway, offers a versatile and expansive property ideal for retail, warehouse, or mixed-use operations. The main 13, 000 sq ft showroom features impressive 12-foot ceilings, creating an open and inviting retail environment. Supporting the retail space are multiple functional areas including a 5, 000 sq ft warehouse, an additional 7, 200 sq ft warehouse, and 1, 200 sq ft of adjoining flex space, providing exceptional storage, distribution, or workspace flexibility. A newly constructed 60’ x 120’ x 14’6” warehouse (2023) with a poured concrete slab and three 12’ x 12’ commercial overhead doors adds significant value and operational capacity. Recent upgrades include a 2023 sprayed acrylic roof (10+ year lifespan), two furnaces (2012), and a new electric/propane combo air conditioning system, ensuring efficiency and comfort throughout the property. Security is enhanced with a PN alarm system installed in 2018. The property is equipped with 3-phase electric, municipal sewer and water, and offers excellent infrastructure for a variety of commercial uses. Interior features include five office spaces, a large conference room, and two half bathrooms, making it ideal for both administrative and operational needs. Decades long successful furniture business to be sold with property at the right price. Strategically located on East Broadway with strong visibility and accessibility, this property presents a rare opportunity to own a well-maintained, high-capacity commercial space in Sullivan County. Within 2 hours of NYC and 1. 5 miles from State Route 17.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,900,000
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 | $3,120,000 | $3,120,000 | $3,120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $3,253 | $3,253 | $3,253 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,229 | $18,706 | $25,909 |
| Total Monthly Payment | $20,607 | $22,084 | $29,287 |
* 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.