Attention Investors! Introducing an exceptional income-generating 4 unit property of superb architectural design and amenities. Walk to town, Metro-North, Hudson River. Plenty of parking with 2 driveway entrances on both Lincoln Place and Cedar Place, artistically designed mason work enhance the property with stately pillars at the entrance. A large brick garage plus a large area for a second garage on this . 6 lot! Apt#4 enters through the main entrance into a double height foyer with a dramatic curved staircase leading to a spacious landing on the second floor setting the stage for luxury living with a formal dining room, stunning updated chef's kitchen with top of line appliances and 3 bedrooms. This unit has access to a large attic for storage or can be finished with multiple rooms and river views. Apts, 1 & 3 open to the community courtyard while apt #2 has a Trex front porch. 2 Laundry rooms, one community and one for Unit #4. 7 Lincoln Place in Ossining, New York, was originally built in 1836 and served as a single-family mansion before being converted into a multi-family residence. The home is notable for its historical architecture, constructed with Brick, Limestone, Cedar, Copper and other materials typical of the period. It retains its historical charm and significance in the local community. A second lot, #5 Lincoln is part of the same tax record and can hold a new garage structure with 4 possible garage spaces. Short commute, Metro North Train to NYC is walkable.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,325,000
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 | $1,060,000 | $1,060,000 | $1,060,000 |
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 | $2,040 | $2,040 | $2,040 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,936 | $6,527 | $8,802 |
Total Monthly Payment | $8,101 | $8,692 | $10,967 |
* 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.