Introducing an exceptional opportunity for retail/vehicle-related investors. This impressive property (comprised of 4 adjoining parcels) located at 73 Kingston Ave, Port Jervis, NY, offers a 4, 000 SF building with vehicle showroom, 5 service bays and large parking lot. Currently, there are two tenants occupying the building spaces and a third tenant leasing parking lot space. Built in 1980, the property is well-maintained and conveniently zoned SC, providing an ideal environment for a range of retail or vehicle-related businesses. With 100% occupancy, this investment presents immediate income-generating potential. Embrace this prime location in the thriving Port Jervis area and leverage the steady demand for retail and vehicle-related services in this dynamic market. This offering includes 73 Kingston Ave, 75 Kingston Ave, 77 Kingston Ave and 15 Hamilton St all adjoined totaling 1. 95 acres. Seize this extraordinary chance to expand your portfolio and secure a valuable asset with promising returns.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $136 | $136 | $136 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,475 | $4,921 | $6,637 |
Total Monthly Payment | $4,703 | $5,149 | $6,865 |
* 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.