Sale-Leaseback. Excellent investment opportunity on this quality office building centrally located on the E Main St/Crystal Run corridor. 100% Occupied. Seller is seeking a Sale/Leaseback and to continue his law practice in the building. The first floor is occupied by an established law firm. Second floor is now fully leased to two new tenants. Tenant 1 pays $1,100 per month plus utilities and cleaning. Tenant 2 pays $1,400 per month plus utilities and cleaning. High profile location, well known, and highly traveled. Corner lot location with private parking lot located behind the building. Very good condition with zero deferred maintenance. Brand new A/C units, building just painted, parking lot re-done. Full basement currently utilized for file storage.
410 E Main Street, Middletown, NY, 10940
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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