Great location for future commercial/residential development. Here are two separate tax id parcels being sold as one. Zoned Highway Commercial, one lot consist of 9. 5 acres and a contiguous lot consisting of 8. 4 acres for a total of almost 18 acres. With zoning at 10, 000 sq. ft. per dwelling there is an excellent opportunity for several subdivision possibilities. A road cut entrance should be fairly easy. This property has over 200' of road frontage so there's plenty of advertising visibility This is one of Ulster County's most popular commercial and retail hubs along Route 9W. Situated within high volume traffic exposure of 35, 000 cars per day (per DOT). A large portion of the land is level and shovel ready for development to accommodate a variety of commercial uses such as a strip mall, office complex, apartments, sports, recreational, or a plethora of other possibilities Conveniently located to Kingston/Rhinecliff Bridge, NYS Thruway, and Kingston's waterfront.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,774 | $1,728 | $2,229 |
Total Monthly Payment | $1,849 | $1,803 | $2,304 |
* 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.