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This versatile commercial property is located in the development-friendly area of Highland, NY, along the busy Route 9W. The building consist of two distinct units, offering a range of business opportunities. Unit One: Deli / Pizzeria: The first unit is currently operating as a fully equipped and functional Deli / Pizzeria, complete with table seating for customers, good parking and access / egress to route 9w. The Deli / Pizzeria is owner-operated, providing a turnkey solution for those seeking an established food service business. Unit Two: Barber Shop: The second unit houses a Barber Shop. The owner collects rent from this establishment, adding an additional stream of income to the property. Additional Apartment Space: There is a partially finished one-bedroom apartment located upstairs, which is expected to soon provide further rental income. Location Advantages: This property enjoys excellent visibility from the highway and is situated near a densely populated residential and business area. It is also just minutes away from the Poughkeepsie Metro station and the renowned Walkway Over the Hudson, making it a highly attractive location for both customers and tenants. Important: The current zoning allows a multitude of alternate uses for those looking to repurpose the space. Open to seller financing proposals.
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Our Executive Mortgage Banker:
$695,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $556,000 | $556,000 | $556,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $749 | $749 | $749 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,423 | $3,511 | $4,617 |
| Total Monthly Payment | $4,264 | $4,352 | $5,458 |
* 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.