Unique offering! Large prime development opportunity consists of vacant lot, total of 2. 58 acres with lake frontage, together with a lakefront commercial building on one of the most popular lakes in the Sullivan County Catskills! The property is level with frontage on two roads with an additional parcel on the lake alongside the lakefront building. Two story structure has a commanding view of the gorgeous lake and plenty of indoor and outdoor accommodation for seating, entertaining, catering and parties. The space is currently set up for a restaurant with some equipment and walk-in, two restrooms, and a bar on each level. Sweeping lake views and amazing sunsets enhance this extraordinary location. This offering is in a well-known dining destination dubbed "Restaurant Row" and is a HOT spot strip in the Sullivan County Catskills in the Town of Bethel. Motorboat lake is VERY busy, and property offers ability to add docks and rent spaces or offer lake parking patrons. Perfectly situated literally around the corner - moments away from the famous Woodstock music festival site of 1969, now Bethel Woods Center for the Arts; known for world class entertainment and popular 1960's museum. The rich history, the crystal-clear lakes, and the scenic natural beauty as well as other attractions bring thousands of visitors to this tourist area all year long. Main local attractions include Resorts World Casino, Kartrite Waterpark, Holiday Mountain Ski & Fun Park, farm markets, cideries, distilleries and breweries. The tourism industry is flourishing, and THIS is the place to be! BuildingAreaSource: Public Records, ConstructionDescription: Stucco,
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Our Executive Mortgage Banker:
Our Insurance Division:
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,600 | $799,600 | $799,600 |
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 | $1,244 | $1,244 | $1,244 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,540 | $4,988 | $6,694 |
Total Monthly Payment | $5,876 | $6,324 | $8,030 |
* 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.