This property has many diverse ranges of possibilities! From breweries, restaurants, motel, gas station, perhaps indoor golf, or any other form of entertainment options like bowling alleys and laser tag, clearly this property offers a canvas for creative minds to bring their entrepreneurial visions to life. A grand building of 6, 100 square foot retail space on over 3 acres of land which boarders 1, 100' of water frontage on Jericho Brook. Is nearby Jericho Mountain State Park and the famous Ride the Wilds-ATV trails. A prime location for outdoor enthusiasts. The natural beauty of this property and the surrounding area is a potential to become part of Jericho's gateway and could indeed make this a highly sought-after location for both locals and visitors. Could this be your time, your opportunity for you to own and develop this property, a potential and exciting, unique and successful business venture. Come be a part of the growth of Jericho Gateway where your possibilities are endless. OWNER FINANCING AVAILABLE!!!!!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $561 | $561 | $561 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,046 | $6,548 | $8,742 |
Total Monthly Payment | $6,732 | $7,234 | $9,428 |
* 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.