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8- Unit Multifamily in the Heart of the Village of Catskill! Positioned prominently on historic Main Street, this eight-unit apartment building showcases timeless architectural character with its striking brick exterior, mansard roof, and classic period detailing, the building contributes to the charm and historic streetscape that continues to draw residents and visitors to Catskill.
Featuring an attractive mix of six one-bedroom apartments and two two-bedroom apartments, the property offers broad rental appeal along with the convenience of off-street tenant parking, a valuable amenity in the Village. Additional features include new EPDM roof, laundry facility, separately metered electric, natural gas heat, rear access from Hill Street. Apt 1, (one bedroom) remains vacant for the opportunity to owner-occupy. Two units convey fully furnished (Apt 1 & 6).
Ideally located in the center of the Village, tenants enjoy a highly walkable lifestyle with convenient access to Main Street's popular restaurants, coffee shops, breweries, boutiques, galleries, entertainment venues, and the Hudson River waterfront. Nearby attractions include Dutchman's Landing Park, the Thomas Cole National Historic Site, and year-round community events that continue to support strong housing demand.
This is an exceptional opportunity to acquire a larger multifamily asset in one of the Hudson Valley's most sought-after investment markets.
Conveniently located near the Rip Van Winkle Bridge, New York State Thruway (I-87), Hudson, Athens, Saugerties, Kingston, Albany, and the Capital Region, this property offers excellent accessibility for commuters and visitors alike. Whether you're expanding a real estate investment portfolio, completing a 1031 Exchange, or seeking a high-unit-count multifamily property in the Village of Catskill, 261 Main Street offers scale, location, and long-term investment potential in one of the Hudson Valley's most desirable communities.
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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Our Executive Mortgage Banker:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
| 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 | $870 | $870 | $870 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,769 | $5,172 | $7,088 |
| Total Monthly Payment | $5,764 | $6,167 | $8,083 |
* 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.