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Presented by![]() Yochi Melnick |
Prime investment opportunity awaits you with this Industrial Mixed-Use property with endless potential! Seize the opportunity to transform this historic 36, 000sf (4 separate structures) on 3. 1 acres which also has a loading dock, and 3 drive-in doors. Zoned for industrial mixed-use, this property boasts a rich history and versatile potential, making it an ideal site for investors and visionaries alike. This property borders an active rail line (MetroNorth/NJ Transit). The 40, 000sf paved parking lot ensures ample space for any development. Imagine the possibilities: arts and theater venues, axe-throwing facility, brewery, distillery, or a restaurant with rooftop dining. This prime location could present a tremendous redevelopment opportunity for a mixed-use apartment complex with commercial spaces, revitalizing the area. The Main Building – 29, 600sf historical property features three levels and basement made of brick construction. It has concrete flooring on the 1st level and original wood flooring on the 2nd and 3rd levels. It features a functioning freight elevator nostalgic from the 1890’s that reaches all levels. This space can be used entirely or sectioned off into smaller flex spaces. The Office Building – 3200sf and features 2 levels of approx. 3, 200sf. The 1st level is 1, 600sf with 3 large rooms. The 2nd level is also 1, 600sf with a 2-bedroom apartment and one bath. The Pattern Building - 2, 100sf and is brick construction. It features 2 levels and a loft. The 1st level has concrete flooring. The Steel Building - 1, 080sf has concrete flooring and clear span. Adding to its appeal, the property is listed on the New York Historical Building Registry. With Municipal Water and Sewer, the groundwork is set for your vision to become a reality. Don't miss out on this rare chance to invest in a piece of history while shaping the future of this dynamic location!
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$3,600,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 239.269.6527
Yochi.Melnick@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,880,000 | $2,880,000 | $2,880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
Monthly Tax Payment | $3,025 | $3,025 | $3,025 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,903 | $17,499 | $24,109 |
Total Monthly Payment | $19,053 | $20,649 | $27,259 |
* 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.