Magnificent Turn of Century Victorian located on Historic Ossining, with enough buildable land where the savvy investor or developer has possibility to build a multi-family home with Panoramic Hudson River Views and The Palisades. This building offers unique architectural details and structure. Legal 7 unit property with long term tenants with good cash flow is well maintained and updated great opportunity for rent upside. Plenty of storage area onsite. Seven parking spaces in front and additional seven in the expanded back lot. Conveniently located, close to schools, shops, restaurants and train station. Three Units have dishwashers, and three have fireplaces not operational at present time but can easily be converted back the it's heydays. Coin operated washer & dryer Income $500-$600 monthly in basement. Just waiting for the a buyers to explore all the possibilities to enjoy immediate income and restore it to it's original nostalgic grandeur. Sold as is.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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 | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,908 | $1,908 | $1,908 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,722 | $8,374 | $11,294 |
Total Monthly Payment | $9,755 | $10,407 | $13,327 |
* 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.