**Unique Investment Opportunity**A two-building combo in the center of Main Street! Become part of the exciting revival of Callicoon, a prime destination for residents, second homeowners, and investors. **Building One: ** 27 Lower Main Street, features a beautifully renovated women's boutique on the ground floor, currently the Clothesline. A large 3-bedroom apartment above, previously home to Callicoon Fine Arts - contemporary art gallery, is in move-in condition. The apartment includes a spacious living area, a closet in every bedroom, an eat-in kitchen, and a dining area with a second entrance leading to the large courtyard. **Building Two: ** 34 Dorrer Drive, faces Callicoon Park and offers river and park views. The ground floor space, featuring a large glass-enclosed sunroom and wide plank wood floors, is ideal for an office, salon, wine bar, coffee shop, or retail space. This building has high visibility thanks to the bustling Farmer's Market, attracting hundreds of visitors every weekend. Recent successes like the Western Inn, Catskills Provisions, Black Walnut, and many more have contributed to the town's vibrancy, with the Callicoon Depot to become the county visitor's center, and a 48-acre park along the waterfront being re-developed all enhancing the area's renaissance. Popular towns like Livingston Manor, Roscoe, and Narrowsburg are just 25 minutes away. Only 2 hours from NYC. With two storefronts, two apartments, a large courtyard between the buildings + potential for a fifth unit, this mixed-use property in a prime location is a rare find, ready for a new owner to reimagine!
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Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $412 | $412 | $412 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,992 | $3,988 | $5,060 |
Total Monthly Payment | $4,496 | $4,492 | $5,564 |
* 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.