Explore the potential of this prime commercial property located in a Federal Opportunity Zone, perfect for re-development or owner user. Spanning 25,655 square feet on a 17,387 square foot lot, this two-story building presents a unique opportunity in Peekskill's expanding landscape. Currently vacant and in need of substantial renovation, this property boasts a strategic location in proximity to the Peekskill train station, major highways and public transportation with high traffic counts averaging 8,000 9,300 cars per day. Zoned C-2, this property offers flexibility for various commercial uses, from warehousing and distribution to potential mixed-use development. Whether you're an investor seeking a strategic addition to your portfolio, or a developer poised to capitalize on Peekskill's economic growth, this property presents an exceptional opportunity to shape the future of commercial real estate in Peekskill, NY.
126 James Street, Peekskill, NY, 10566
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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