Investment Opportunity reintroduced to the market with enhanced appeal! This property encompasses two tax lots spanning 1. 69 acres and features three interconnected buildings (all to transfer together). Originally a 1950s movie theater, the main building has since evolved into a thriving antique/gift store, boasting historical charm and significant foot traffic, especially during the bustling summer months. Included in the offering is approximately $100, 000 worth of inventory. Adjacent to this main building is a long-term tenant-run boutique wine and spirit shop, adding to the property's allure. Another highlight is a beautifully rustic building erected in the 1990s, ideal for a gift shop or garden store, with potential for conversion into a short-term rental or restaurant, offering stunning views of the East Branch of the Delaware River. Additionally, there is a third building comprising two one-bedroom residential units, currently occupied by long-term tenants at below-market rates. This property presents a PRIME OPPORTUNITY for an enterprising buyer to capitalize on its strategic location, heavy visitor traffic, and the serene ambiance of the Catskills region. Seize the chance to embrace the joys of entrepreneurship and relish in the rewards of owning and operating a successful business in this picturesque locale outside Downsville, NY.
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William Raveis Real Estate
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Frank.Kolb@raveis.com
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 | $463,200 | $463,200 | $463,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | $444 | $444 | $444 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,928 | $2,925 | $3,782 |
Total Monthly Payment | $3,464 | $3,461 | $4,318 |
* 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.