Terrific location for many ventures, this 21. 92+/- commercially zoned acres (HC-2) fronts both NYS Highway Rt 17 (I-86) as well as Old Rt 17 and the exit ramp that accesses the hospital. Across from the Garnet Health Medical Center (AKA Harris Hospital, formerly Catskill Regional Medical Center) this location is perfect for a medical facility, doctors' offices, rehab facility, as well as residential development. A gentle and easy slope rising from the road makes this a perfect choice for development. Young growth on the Old Rt. 17 side with 360+/- feet of frontage is where you would access the property. Over 900 feet of frontage on the NYS Highway Rt. 17 side offers awesome visibility from NYS Rt. 17 (I-86) East and Westbound lanes. Sitting directly on the exit also has amazing potential for service station and convenience store. This is a thrilling opportunity with superior options compared to most of the direct highway frontage sites out there. Offering consists of 5 parcels.
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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 | $491,920 | $491,920 | $491,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,356 | $3,269 | $4,148 |
Total Monthly Payment | $3,448 | $3,361 | $4,240 |
* 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.