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36 E. Main Street, Amsterdam, NY, (Montgomery County). Situated only 2 blocks to Mohawk River, only 36 miles to Albany, and about 170 miles from NYC. Building size: 4, 674 Sq. Ft. (20 x 88) A wonderful mixed use property: Open your own business and live upstairs. The area is fantastic. This Historic building is a 3 story solid brick structure and has a full basement. Each of the 3 floors and basement areas are 1, 600 square feet on each floor. The basement measures 20 x 88 feet. The newly installed heating units and separate water tank will save you on gas bills. The 1, 600 SF Store and 1 Apartment will be delivered vacant. The occupied apartment is on a month-to-month lease. The store was redone at great expense just a couple of years ago. 2nd floor consists of 2 apartments. 3rd Floor consists of a large room which was used as a ballroom with access from one of the apartments. Excellent business area. Last tenant (H&R Block Tax) was there from 1974 to 2024. This is a rare opportunity, as vacancies at this location are very rare indeed. Municipal parking lot is directly behind the property. Tons of new redevelopment in the area, as folks have discovered this wonderful town.
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William Raveis Real Estate
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Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $212,000 | $212,000 | $212,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.906% | 7.025% | 6.026% |
Monthly Tax Payment | $217 | $217 | $217 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,288 | $1,393 | $1,760 |
Total Monthly Payment | $1,580 | $1,685 | $2,052 |
* 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.