7951 State Route 22, Copake (Copake Falls), NY, 12516 | $1,850,000
This might be one of the most exciting opportunities available in Columbia County right now! Zoned both Commercial and Residential, most recently run as Newman Residence Adult Camp &previously known as 'The Rockledge Motel' on just under 16 acres. Mature landscaping and unique stone walls with 1, 130 feet of road frontage on Route 22. Original building Cira 1900, added on (20x20 sq. ft additional living space) in 1950-1970 when 3 cottages & dining hall were built. Additional Features: 2 Generators, Top of the Line Security System (whole property wired & connected to Fire alarms), 20x20 Redwood deck, Paved Driveway, Unique Stone Walls, 3000 gallon paddock in-ground pool. 5 buildings in total with an inground 24x42 pool. Unit 1: 960 Sq Ft: 3 bedrooms, Living room, 2 bathroomsUnit 2: 960 Sq Ft: 2 bedrooms w/ensuite bathroomsUnit 3: Self Contained Caretakers House ~ Kitchen, Dining room, Living room, 2 bedrooms, 1 bathroomMain House/5, 268 Sq. Ft: 9 bedrooms (5 upstairs/4 downstairs), eat-in Kitchen, Lrg Dining room/Living room with DOUBLE SIDED FIREPLACE, 12 bathrooms, beautiful & unique living space, Open deck, Back & Side patiosUnit 5: 1, 360 Sq Ft: Dining Hall with Rec Room, Pool HouseThe advantages this property offers as an event/reception facility, or multiple housing units can't be matched by any other property. With zoning and existing structures in place a new owner can begin their project immediately. If you have a vision for multiple housing units on a single parcel of land you won't find a better opportunity than this one. So many opportunities & possibilities for commercial and residential use are endless. Maintain as a camp or convert to a boutique hotel (much needed in the area) or build single or multiple unit residential units (subject to planning board review and approval). Perfectly located in the heart of the Hudson Valley, 20 minutes from Hudson, NY and Great Barrington, MA. 30 minutes from Rhinebeck NY, 2 Hours from NYC, 2. 5 hours from Boston.
Features
- Town: Copake
- Rooms: 80
- Bedrooms: 18
- Baths: 12 full
- Style: 2 Stories
- Year Built: 1900
- Heating: Other
- Basement: Slab,Other
- Approx Sq. Feet: 344,124
- Acreage: 15.78
- School District: Taconic Hills
- MLS#: 154750
- Days on Market: 49 days
- Website: https://www.raveis.com
/eprop/154750/7951stateroute22_copake_ny?source=qrflyer
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
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7951 State Route 22, Copake (Copake Falls), NY, 12516
$1,850,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 | $1,480,000 | $1,480,000 | $1,480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,288 | $8,993 | $12,191 |
| Total Monthly Payment | $8,413 | $9,118 | $12,316 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535