KINGSTON HERITAGE DISTRICT Turnkey mixed-use building in the vibrant Midtown Arts District offers a unique blend of a professional office on the main floor and a private living space on the entire second floor. The prime office space serves an established law firm with 2 generous-sized private offices, a well-appointed conference room with a brick accent wall, 3 workstations, bathroom and full dry basement. This beautifully maintained building is equipped with fiberoptic internet, all new LED lighting, new boiler, new mini-split HVAC in the upstairs living space (central air in the office) and new stainless steel hot water heater. The expansive parking lot adjacent to and behind the building extends right up to the building next door and is owned by the seller for his private use, accommodating up to 10 cars. The rear entrance is wheelchair accessible from the parking lot. The second floor apartment has its own private entrance and street number. With a loft-like vibe that combines luxury and convenience, this 2-bedroom apartment with separate den, eat in kitchen, expansive living room and ample storage offers the comfort of home amidst a bustling Kingston cityscape. The long-term residential tenant has vacated and photos have been added to show the expansive 1778 SF LIVE/WORK 2nd floor. This space could provide an expansion option for the main floor business or could accommodate another business tenant with its separate access. Ideal for a live-in retail business such as a boutique or coffee shop. A compelling opportunity for investors and business owners alike in this prime location within the dynamic Kingston real estate market. Showings: Mon-Fri 5-8 pm and all day Sat and Sun. Agent will accompany all showings. Office furnishings are available for purchase.
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William Raveis Real Estate
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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 | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $998 | $998 | $998 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,231 | $4,227 | $5,453 |
Total Monthly Payment | $5,321 | $5,317 | $6,543 |
* 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.