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This two story building between Union and Warren is ready for your ideas!!! It's a great location for a live/work opportunity with 49 Ft of frontage on 7th Street and 100 ft of Side exposure on Union Street.
The first floor is great for a commercial salon, professional office or retail space but could also be converted back into a beautiful loft studio apartment. Upstairs is a 1 bedroom apartment with efficiency kitchen and new bathroom. Up another flight to the attic reveals a ''garrett-like' space which could be finished with an ensuite bedroom. Behind the building is a spacious, long back yard with patio area, iron fence and a small garden shed. A big garden? Cocktails alfresco? A super modern expansion? Adding more interior space to both the upstairs and the downstairs spaces!
The property has an adjoining parking lot for up to 8 cars which could provide additional rental income, a ground up build opportunity or sell it off as it's own lot as the parking lot and building are two separate tax parcels. Building is located near to the luxury hotel complex being developed on Union Street and a short walk to the 7th Street Park, coffee and shopping. Bring your ideas - plenty of potential here!!
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| 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 | $1,404 | $1,404 | $1,404 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,861 | $4,132 | $5,738 |
| Total Monthly Payment | $5,357 | $5,628 | $7,234 |
* 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.