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Rare Nearly-Approved Trophy Development Opportunity in the Heart of Orange County’s Premier Commercial District. Exceptional offering at 442 Route 17M, Monroe, NY, ideally positioned in the center of one of the region’s busiest shopping and retail corridors, directly adjacent to major shopping destinations and national retailers. This state-of-the-art modern glass building design totals approximately 44, 460 SF, featuring 35, 568 SF above grade plus 8, 892 SF lower level, ideal for premium amenities, conference space, ballroom, wellness/spa, executive suites, storage, parking adaptation, or expanded commercial use. Located directly on Route 17M with approximately 30, 000–40, 000 vehicles per day, offering exceptional frontage, visibility, and branding exposure. Strategically situated just minutes from New York State Thruway and Woodbury Common Premium Outlets, and surrounded by a powerful concentration of national retailers and daily traffic drivers including: **Woodbury Common Premium Outlets** Stop & Shop ShopRite of Monroe Walmart Supercenter The Home Depot Target Burlington TJ Maxx Aldi Harriman Commons Walgreens Planet Fitness McDonald’s Chase Bank TD Bank Project is nearly fully approved, creating a rare opportunity for developers and investors to accelerate timelines while minimizing entitlement risk. Ideal for: Luxury / Select-Service / Extended-Stay Hotel Corporate Headquarters / Executive Office Building Medical / Wellness / Specialty Commercial Facility Mixed-Use Hospitality / Business Concept Flagship Commercial / Institutional Development Very few opportunities offer this combination of approvals, scale, visibility, surrounding retail synergy, and prime positioning in the center of a dominant shopping district. exceptional value for a nearly approved institutional-quality development site in one of the Hudson Valley’s fastest-growing commercial markets.
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:
$1,999,000
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 | $1,599,200 | $1,599,200 | $1,599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $1,215 | $1,215 | $1,215 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,080 | $9,847 | $13,495 |
| Total Monthly Payment | $10,420 | $11,187 | $14,835 |
* 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.