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113 Old Bay, Peekskill, NY, 10566 | $625,000
Incredible location just a third of a mile to the Peekskill Metro-North station, the Peekskill Riverfront Green Park, and the beautiful walking trails along the Hudson River!Catch the train in a flash and enjoy everything this vibrant city has to offer. The second-floor unit was completely renovated in 2021 with new flooring, a modern kitchen, and an updated bath. Each apartment features its own dedicated washer and dryer, alongside high-efficiency, wall-mounted heating systems (ENERGY STAR Qualified Equipment) that provide instant hot water. An enclosed front porch currently serves as a functional mudroom and storage space. The level backyard offers abundant parking accessed via a wide driveway, easily accommodating up to 6 cars. A convenient exterior basement entrance opens directly to the yard, perfect for outdoor projects. The full basement also provides excellent potential for future finished living space (subject to proper city permits). Enjoy city sewer, town water, and low taxes in a thriving community known for its outstanding dining, theaters, live concerts, and local arts scene. Fully rented with fantastic income and a survey is readily available. Both units are occupied and require advance notice for all showings—please plan accordingly!The City of Peekskill, New York, is widely celebrated as one of the Hudson Valley's most dynamic and accessible cultural hubs. Perfectly positioning a mix of scenic natural beauty and a bustling urban center, it provides an exceptional quality of life for residents and a magnetic destination for visitors. $625, 000 price is for fully occupied. Can be delivered vacant at $650, 000 with an extended closing date.
Features
- Bedrooms: 4
- Baths: 2 full
- Laundry: Multiple Locations
- Style: Colonial
- Year Built: 1930
- Heating: Natural Gas
- Cooling: None
- Basement: Full, Unfinished
- Est. Taxes: $9,365
- Lot Desc: Cleared, Level, Near Public Transit, Near School, Near Shops
- Elem. School: Woodside Community School
- Middle School: Peekskill Middle School
- High School: Peekskill High School
- School District: Peekskill
- MLS#: 1050119
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/1050119/113oldbay_peekskill_ny?source=qrflyer
William Raveis Family of Services
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
[email protected]
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
113 Old Bay, Peekskill, NY, 10566
$625,000
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 7.125% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.817% | 7.255% | 6.707% |
| Monthly Tax Payment | $780 | $780 | $780 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,202 | $3,369 | $4,356 |
| Total Monthly Payment | $4,074 | $4,241 | $5,228 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535