Imagine being able to take advantage of living in a charming four bedroom, two bath home, and having the ability to walk out your front door, onto the walkway and into your own gorgeous commercial space with so many possibilities! This mixed-use commercial/residential property is located in the Historic Village of Hyde Park. The two-story home was built in 1928 and has the charm of yesteryear: appointed with beautiful moldings, gleaming wood floors, arched doorways, a wood mantel/brick fireplace, three bedrooms and a primary suite with a full bath. Updates include kitchen and baths, lighting, furnace, and basement drain lines. This would make a perfect live/work environment with all of the conveniences. The commercial building was constructed in 2009. It was architecturally designed by a local firm (Mauri Architects PC), and built by Mid Hudson Construction Management. The design and finish work are impeccable; features include vaulted ceilings, private offices (6), open spaces (conference/showroom/dining/retail) designer lighting, wood floors, a large kitchen/task center, three bathrooms, a utility room and a control room. The space lends itself to so many possible uses: professional/medical office space, retail/specialty stores, Salon/Spa, Conference center, restaurant/bakery, Gym/Yoga/Health Center, Air BNB, Bed and Breakfast/Inn, Daycare Center, rentals (office/co-work space solutions/pay as you go), event space for small gatherings (weddings, birthdays, small events), catering, residential rental conversion, art studios . . . the list goes on just get creative! In 2024, a Burnham high efficiency system and Heil natural gas direct vent furnace were installed to provide gas heat/hot water to both buildings. Three tank commercial septic system. Its location on Albany Post Road (Rt. 9) gives you perfect visibility! Close to National Historic sites (FDR Home/Vanderbilt Estate), tourist sites, restaurants, shopping, medical facilities, retail, library, post office, The Culinary Institute of America, Marist College, the Hudson River, and so much more!
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Our Executive Mortgage Banker:
Our Insurance Division:
$900,000
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 | $720,000 | $720,000 | $720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,000 | $1,000 | $1,000 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $4,492 | $6,027 |
Total Monthly Payment | $5,180 | $5,584 | $7,119 |
* 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.