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Unique, mixed-use opportunity in the Village of Chatham on 0. 17 acre with great exposure and free on-street parking. Currently used by the resident/seller, as retail on first level and two apartments above. Apartments could also be created on first level. The diverse 4, 566 sq. ft. building featuring a rare backyard with lush landscaping, fountain and mature arborvitae along paneled fencing for estate-like privacy. There's a covered back porch and amazingly generous, landscaped setback from the street with covered balcony above the width of the building. There is a three-bedroom owner's apartment with a renovated kitchen and tiled designer bath. A one-bedroom rental apartment is across the main hall. The two retail entrances, could be used as private apartment entrances, as well as the two rear entrances from the lawn. There is a middle entrance front and rear to access the second floor apartments. Other details include hardwood floors, sealed rubber roof in 2022, new ceiling and iron girders in retail space, a half bath on first floor, foam spray insulation, recessed lighting and LED spotlights, separate utilities, new windows on second floor. This is a perfect building unlike any other in the village for apartments, any type of business or investment, just 14 miles to Amtrak in the City of Hudson and less than 10 minutes to Taconic Parkway. This diverse Village is home to the nationally known movie festival Film Columbia and future Shaker Museum, in addition to an assortment of dining, shopping, professional and medical services.
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Our Executive Mortgage Banker:
Our Insurance Division:
$925,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $740,000 | $740,000 | $740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,260 | $4,677 | $6,295 |
Total Monthly Payment | $4,352 | $4,769 | $6,387 |
* 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.