Lots of space with tons of parking in a busy area of Monticello, this offering is in an awesome location! Present use is furniture retail store/ warehouse. In the past this property was an auction house, used car sales and tire business. There are two separate buildings with three phase electric, that are connected. One is a Morton building with pitched roof built 1980, the other is a block building built in 1972 with a flat roof that was replaced in 2012. There are stairs to a loft space so there is a lot of extra square footage on "second" story. There is also a separate unit (connected to larger building) that appears to have been an addition with a separate entrance and a second story. A large "cold storage" area at the back offers even more space for storage. Ceilings are 18+/- feet high in one part and over 20 feet high in the other part. High visibility location near numerous businesses and very easy highway access. Can be seen from NYS Route 17 (Interstate-86). Awesome opportunity with many possible uses. Broker discloses interest.
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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 | $719,920 | $719,920 | $719,920 |
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 | $826 | $826 | $826 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,031 | $4,433 | $5,978 |
Total Monthly Payment | $4,949 | $5,351 | $6,896 |
* 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.