This listing is for 2 pieces of adjacent properties: 12-14 Union St & 4-8 Franklin St Middletown NY. The 12-14 Union St is a 3 story building with 1512 sqft each floor and sits on 0.17 Acre of land. 4-8 Frankly has a large storage/retail space of 9179 sqft and a 2nd floor office space of 1524 sqft with 0.71 Acres. The 2 piece of property have a total of 0.88 acres and has a total building size of 15,300 sqft.
The property is located in the center of the City of Middletown. The zoning of the property is DMU (Down Town Mixed Use), so the 1st floor is commercial and 2nd floor and above could be commercial or residential. With a large property in the center of town, you could develop many residential units. The requirement for residential unit is a minimum of 750 sqft per unit. The parking requrement is 1.7 parking space per residential unit.
12-14 Union 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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