256 Katonah Avenue, #254, Katonah, NY, 10536 | $4,250,000

Remarkable investment opportunity and first time on the market in over 33 years- this expansive building is ideally situated close to the train station in the heart of downtown. This prime location features three thriving commercial spaces. Currently- the main street level floor is leased by Bank or America and Fashion Nail salon leased out until 2028. The entire upper floor has been renovated with refinished floors and has been freshly painted and is built out for office space and has large multitasking rooms and separate conference rooms. Key Features: • Prime Location: Walking/strolling distance from the train station, ensuring easy access for customers and clients. Experience the vibrancy of downtown living with all stores, restaurants, and amenities within walking distance. • Commercial Spaces: Three versatile commercial units for retail, office or service-based businesses. Benefit from high foot traffic and visibility in a bustling area. Currently, an entire upper-floor office space is vacant and great for owner/user or added rental income. • Investment Potential: Street level units including Bank Of America on Lease generating great cashflow. • Community Appeal: Enjoy a vibrant neighborhood atmosphere with local shops, cafes, and cultural attractions just moments away. This property is perfectly positioned to attract both residents and businesses. • Basement Storage: Ample room for storage, files etc in a large walkout basement the footprint of the building with a secure room that is a safe also. This portfolio is a rare find for savvy investors looking to expand their holdings in a prime downtown location. Don’t miss out on this opportunity to own a landmark building on the bustling main street in downtown Katonah.

Features

  • Property Type: Business
  • Construction: Block
  • Utilities: Cable Connected, Electricity Connected
  • Parking: 25-car
  • Levels: 3
  • Heating: Baseboard, Forced Air
  • Cooling: Central Air
  • Units: 3
  • Acreage: 0.25
  • Est. Taxes: $42,579
  • MLS#: 826238
  • Days on Market: 55 days
  • Website: https://www.raveis.com
    /prop/826238/256katonahavenue_katonah_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Coldwell Banker Realty   Phone: 914-232-7000

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Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 24240

914.494.1459

Vincent.DiMella@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

256 Katonah Avenue, #254, Katonah, NY, 10536

$4,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Vincent DiMella

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.494.1459

Vincent.DiMella@raveis.com

NMLS Mortgage Loan Originator ID 24240

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,400,000 $3,400,000 $3,400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.625% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.663% 6.764% 6.435%
Monthly Tax Payment $3,548 $3,548 $3,548
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,572 $21,771 $29,152
Total Monthly Payment $23,245 $25,444 $32,825

* 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.