The Rockland House is a renowned staple business throughout the region. Athletes, entertainers and other bold-faced names have enjoyed the "RH" over the years. The family-run business has operated for 3 generations and boasts an impressive 11+ acres and 600 feet of private Beaverkill River frontage. The restaurant has two separate dining rooms with a stage, dance floor and indoor seating for 220+. The horseshoe bar area above includes additional seating along with dart and billiard areas. There is also space for outdoor dining both in front and back. Above the restaurant is a large separate 3 bed 2 bath apartment that is excellent for tenants or staff. A 23-unit motel style building is also onsite and offers convenient onsite lodging accommodations. An 80'X30' post and beam barn with pavilion is located just behind the restaurant and yearn to become an epic wedding venue. On the riverfront sits a 3 bedroom 2 bath chalet home with loft, garage and in-ground pool. This entire offering creates a tremendous compound with the serious possibility for growth. Located on the western border of the Catskill Park, Roscoe, NY is affectionately referred to as Trout Town, USA; when you hook a wild rainbow trout you'll understand why. The Beaverkill River is an exceptional blue-ribbon trout stream and it runs right through this property! The current business is very much alive and thriving with a laundry list of repeat annual events from local fire department dinners, sold out- fundraiser events, chamber of commerce dinners and so much more. The Rockland House does not disappoint It has always been the go-to establishment for large banquets, weddings and events in Sullivan County and beyond with the capacity to feed and entertain very large groups, both indoors and out. This is not the type of property that can be easily replicated, if ever at all. Additional Information: HeatingFuel: Oil Above Ground, BuildingAreaSource: Other,
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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 | $3,432,000 | $3,432,000 | $3,432,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,333 | $1,333 | $1,333 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,487 | $21,131 | $28,500 |
Total Monthly Payment | $20,945 | $22,589 | $29,958 |
* 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.