450 RT 17K, Bloomingburg, NY, 12721 | $1,999,000

START YOUR FARM GRANTS: https: //agriculture. ny. gov/farming/start-your-farm FUNDING OPPORTUNITIES: https: //agriculture. ny. gov/funding-opportunities RA Zoned Business opportunity with 98. 7 acres of fields, forest, trails, views, and a pond on two separate lots. Bordered by 1, 932 feet of road frontage on 17k and the backdrop of the Shawangunk Mountains this location is ideal for transportation of goods utilizing Stewart International Airport nearby, and the fleet of a major trucking company. This property is also centrally located to bridges and interstates and in a growing area of development and public attractions such as LEGOLAND in Orange County NY, Resorts World Casino in nearby Sullivan. The profit potential by cultivating fields of hemp or any product is enhanced by the ability to also sell the product at the location by renovating the oversized rustic barn into a warehouse and showroom and utilizing the current 3 bed, 2 bath single family home into living quarters for employees of the farm. Orange County welcomes all Agri business and there are many officials who would like to see this area thrive. While hemp is a highly profitable commodity, other applications may be more suitable to the discriminating buyer. Rustic Wedding Farm to Table venues would be another ideal setting for this property, especially with a backdrop of the mountain views and the existing barn just waiting for a rustic renovation as a reception area. A vineyard, distillery or other such type of product would be a welcomed addition to a wedding venue and can be utilized separate from the event for an additional stream of revenue. What would be a highlight is if the town would permit the forested area to be converted into small lodging units such as smaller homes or upscale cabins for guests of the wedding and to be used for weekend getaways with a special theme location. The owner had previously been solicited by new solar farming startups as the location has a southern exposure and direct connection to major utility lines on route 17k, for power transfer. Serious offers will now be considered. There are two adjoining parcels with the sale zoned RA. One is described as 450 Rt 17K and the other parcel 0 Petticoat Lane, both in Bloomingburg and Orange County NY. SBL#'s 1-1-7. 210 and 22-1-47

Features

  • Lot Desc: Views
  • View: Mountain(s)
  • Elem. School: Contact Agent
  • Middle School: Contact Agent
  • High School: Pine Bush Senior High School
  • School District: Pine Bush
  • MLS#: 843492
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /prop/843492/450rt17k_bloomingburg_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 Four Seasons Realty Group   Phone: 845-255-0019

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450 RT 17K, Bloomingburg, NY, 12721

$1,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $1,599,200 $1,599,200 $1,599,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.625% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.712% 6.764% 6.435%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,333 $10,240 $13,712
Total Monthly Payment $9,458 $10,365 $13,837

* 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.