Calling all Developers, Builders & Investors who have been looking for the perfect location to develop in the wildly growing town of Windham, NY! Introducing the ultimate development opportunity- this 11+ acre surveyed parcel of land is bordered by Windham Mountain's snowtubing park on the right, stream frontage at the rear, 45 acres of protected NYC land to the left and direct views of the ski slopes ahead. With underground electricity at the entrance of the property and access to water supply and municipal sewer, you can begin building your dream project almost immediately. Whether it's a hotel or restaurant with outdoor firepits and streamside dining, a new subdivision of vacation rentals, or your personal upstate dream home - this property offers endless possibilities. Be a short distance from everything this charming mountain town just 2. 5 hours from NYC has to offer; ski resorts, adventure parks, spas, and fine dining- this location will be sure to attract visitors all year round. With the proposed expansion plan for Windham's Adventure Park, you'll be located near the soon-to-be-completed new pools, rope course, tennis, and racquetball courts, alongside so much more! This addition is set to elevate the area's appeal and will make this location even more desirable for residents and visitors alike. You can't beat these views for any kind of business venture or private residence! Don't miss out on this incredible opportunity - call us today for more information about building your dreams in Windham!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
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 | $1,160,000 | $1,160,000 | $1,160,000 |
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 | $6,496 | $7,048 | $9,555 |
Total Monthly Payment | $6,621 | $7,173 | $9,680 |
* 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.