352 Midland Avenue, Rye, NY, 10580 | $750,000

Welcome to Belluscio's, nestled within one of Rye's premier residential neighborhoods, situated conveniently close to the Rye waterfront along the Long Island Sound. This presents a rare generational opportunity to become the owner of one of the city's most established family-owned businesses. The enduring success and deep-rooted history of this property speak volumes, as it has been an integral part of the community, cherished by loyal patrons since 1933. Stepping inside, you'll be transported to a sought-after era of old-world charm with a modern twist on traditional cuisine. Meticulously curated fixtures adorn the space, featuring photographs, paintings and glass etchings of significant historical importance to Rye. The cozy fireplace adds a touch of warmth to the 87-seat dining room, making it an ideal setting for gatherings of any size. Additionally, this versatile property is zoned for residential use and enjoys close proximity to all that downtown Rye has to offer. Additional Information: HeatingFuel: Oil Above Ground,

Features

  • Property Type: Retail
  • Construction: Frame
  • Parking: On Street
  • Heating: Oil, Hot Water
  • Cooling: Central Air
  • Units: 1
  • Year Built: 1933
  • Acreage: 0.11
  • Est. Taxes: $16,000
  • Lot Desc: Level
  • School District: Rye City
  • Appliances: Gas Water Heater, Dishwasher, Freezer, Refrigerator
  • MLS#: H6268431
  • Days on Market: 165 days
  • Buyer Broker Compensation: 2.00%
  • Website: https://www.raveis.com
    /raveis/H6268431/352midlandavenue_rye_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Jason L. MehlerLicensed Associate Real Estate Broker

914.943.6450

Jason.Mehler@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

352 Midland Avenue, Rye, NY, 10580

$750,000

Jason L. Mehler

Licensed Associate Real Estate Broker

William Raveis Real Estate

Phone: 914.943.6450

Jason.Mehler@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $600,000 $600,000 $600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $1,333 $1,333 $1,333
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,042 $3,988 $5,060
Total Monthly Payment $5,467 $5,413 $6,485

* 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.