The historical Red Apple Rest is for sale! This once thriving restaurant saw the visit of travelers from all over and was a staple stop to rest up and grab a bite to eat along the way up and back from upstate New York. The property boasts amazing street visibility, plenty of street traffic and tons of parking for a future restaurant in its place. Existing frame may be used for future building. Property is zoned SB-H Business. Approximately 3. 2 acres included in sale. Located 6. 6 miles south of the Woodbury Commons Premium Outlets, only minutes north of historic Tuxedo Park, 3. 8 miles from the New York Renaissance Festival, 19 miles south of Legoland and 10 miles north of Rt 287/Rt 87 (NYS Thruway) and Rt 17 intersection.
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William Raveis Real Estate
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,640,000 | $1,640,000 | $1,640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,441 | $10,366 | $13,839 |
Total Monthly Payment | $9,566 | $10,491 | $13,964 |
* 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.