Arguably one of the most spectacular privately owned waterfront properties from New York City to Albany is this magnificent 199. 10 acre peninsula on the dead end of Sweezey Road in the Town of New Baltimore. Family owned for 100 plus years. It was once a destination point for travel from Columbia County to Greene County by way of Weaver's Ferry, which transported passengers, goods and services back and forth from Stuyvesant to the New Baltimore/Coxsackie area. This spiraling property stretches for 1, 850 +/- feet of road frontage on Sweezey Road, 4, 200 +/- feet of waterfront on the Historic Hudson River and 4, 600 +/- feet of waterfront on the Coxsackie Creek. What makes this property unique is it's size and location. It's surrounded by water on three sides and located in the Town of New Baltimore with access to Coxsackie-Athens Central Schools. This sequestered property is only accessible through Riverside Avenue which travels about 2 miles north along the Hudson River from Coxsackie's revitalized Reed's Landing and downtown business district. This property was once the grounds where a portion of the abandoned Albany-Greene Turnpike was. This was a common place for waterfront travel to points north in Albany and points south as far as NYC. The topography primarily lends itself to additional waterfront housing besides the 3 houses already situated on the property. There is additional buildable areas further up the ascent to the higher ground where an all-encompassing westerly Catskill Mountain and an easterly Berkshire/ Appalachian view are more readily achieved. Super secluded, yet minutes from downtown Coxsackie's business district including the Yellow Deli Coffee and Bistro, Che Figata Italian Bistro, Mansion and Reed General Store, and THE WIRE! The Hudson Valley's newest Wedding and Event Center. A little over 2 hours north of NYC this property is offered at $12, 500, 000. 00.
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$12,900,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $10,320,000 | $10,320,000 | $10,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $59,408 | $65,229 | $87,086 |
Total Monthly Payment | $59,533 | $65,354 | $87,211 |
* 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.