Spectacular Commercial/Residential/Multifamily provides many investment opportunities! Overlooking the Pristine Delaware River, perfectly appointed on the scenic byway, 2 hours from NYC in the highly sought-after Catskills of Sullivan County, truly a dream location! This is not your ordinary commercial/multifamily/investment opportunity, this is a luxurious property with an open contemporary flow and additional spaces to expand on this rare find, offered far below what today's prices would cost to recreate. The property was meticulously designed with attention to high-end detail throughout. The main level's open floor plan, currently used as a third residential space, includes the infrastructure for a stunning business/restaurant/event space/wine bar/spa with town approval/permits, with endless water views & is easily "accessible" throughout. This light-filled space offers 3 sets of 8-foot tall, double French doors, opening onto an expansive deck with incredible views of the world-famous Roebling Suspension Bridge, the historic D&H Canal, and Sullivan Catskills' jewel - the Delaware River, making this a true destination spot! The building also boasts two fabulous bi-level apartments with high ceilings, hardwood floors, imported ornate marble fireplaces, bluestone bathrooms, granite countertops, and open floor plans. All three spaces could also be connected to create one cohesive business or living space if/as desired. "Sun-splashed" with an abundance of gorgeous windows throughout, each of the three spacious units is currently leased, with flexible terms in position for the next owner. All spaces have separate utilities, central a/c, and security systems. The walkout basement is roughed in for electricity & plumbing, with a functioning half-bath and a private deck leading out to the grounds & river offering opportunities to create additional business or living space, entertaining/event rooms, wine tasting, and studios. The outbuilding, presently used for storage, also offers creative expansion opportunities. Its location, approximately 2+ hrs from NYC and 30 minutes to trains and buses makes this special investment property a prime location and an easy commute. Close by you'll find many picturesque river towns for dining/antiquing/shopping/theatre, the Delaware River for rafting/fishing, Bethel Woods Performing Arts Center (the original Woodstock site), Kartrite Indoor Water Park, Resorts World Casino, skiing at Holiday Mountain/Big Bear at Masthope Mountain, many amazing hiking/biking trails, waterfalls and lakes, and absolutely the best farmers markets you'll find anywhere, all for a beautiful life in the country close to so many activities and 2 hrs from NYC!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,775,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,420,000 | $1,420,000 | $1,420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $552 | $552 | $552 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,063 | $8,859 | $11,887 |
Total Monthly Payment | $8,740 | $9,536 | $12,564 |
* 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.