Endless Possibilities with this Diner on Route 9W (17k cars daily) ADA compliant commercial building. 4 miles from U.S. I 84. The dining room has seating for 120 people with parking for 70 cars. Within 7 miles, there are 150k plus residents with a median age of 36.8 years old. The average income for those 55,000+ households is $70k+ This property is located within 3 miles of two major employers: Dammerskan Energy and the NYC Dept of Environment & Conservation. It is also within 2 miles of two large housing developments: Parr Valley Condominiums and Orchard Hills Landing with over 500+ condos. Owner willing to hold a note for 20 yrs with a substantial down payment.
5500 Us-9W, Newburgh, NY, 12550
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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