Explore the extraordinary with this one-of-a-kind, exceptionally rare two-story commercial bayfront building! The first floor features three rental units, while the second floor houses one of the Grove's best restaurants. Nestled along the waterfront, this property stands out in the market with its distinctive features. Seize the opportunity to own this unique two-story commercial property in the lively downtown of Cherry Grove. Located at the ferry dock, this 2400+ square foot building holds a prominent position in a prime and easily accessible location. At the heart of this space is a renowned restaurant, celebrated for its breathtaking sunsets over the Great South Bay. The property, meticulously maintained, draws substantial foot traffic and generates extra income from various sources, including the Grove's general store, an ATM, as well as retail and office spaces. Immerse yourself in the allure of Fire Island's bayfront-a remarkable locale boasting around 300 homes, no cars, and a nostalgic journey back in time. Revel in the community's finest beaches, providing unrivaled views in this truly exceptional place.
1 Dock Walk, Cherry Grove, NY, 11782
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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