Prime Multi-Use Residential and Commercial building in the heart of Nyack. Perfect for individuals seeking to manage a business while also generating rental income, or for those who prefer living upstairs while operating their own business downstairs. This property has two storefronts, each approximately 700 square feet, with a spacious 1000 sqft apartment on the second floor. Additionally, there is a basement providing ample storage space. The projected rental income for each storefront is $1650. The second-floor apartment, accessible through a private entrance, offers 2/3 bedrooms and a loft in the living room. There's a large private deck off the kitchen, perfect for entertaining. Presently, it is leased for $2450. 00. Walking distance to the river and steps to public transportation. Location is easily accessible from anywhere in Bergen, and Rockland Counties and is close to the Tappan Zee Bridge, NYS Thruway, Palisades Pkwy, and Garden State Pkwy.
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Our Executive Mortgage Banker:
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$499,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,999 | $399,999 | $399,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $1,500 | $1,500 | $1,500 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,373 |
Total Monthly Payment | $4,236 | $4,234 | $4,948 |
* 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.