Located in Poughkeepsie Central Business District, this 4-story mixed-use building has slowly undergone renovations over the past 10 years by the owner and prior ground-floor tenant. Building features two commercial units (ground-floor lounge, 2nd floor tattoo parlor) and two residential units (3rd floor 2BR, 4th floor 2BR) with a full basement, fully occupied, relatively new tenants with short-term leases (1-3 years). Updates include a new roof in 2021, separated electric/gas/water meters and window A/C units.
322 Main Street, Poughkeepsie, (Poughkeepsie City), NY, 12601
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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