Exceptional development opportunity in the charming community Town of Esopus. This property covers 24. 9 acres at 326 Broadway (Parcel 56. 75-3-1), zoned as R-12 Moderate Density Residential Hamlet; The site provides multiple access points, including a newly established town-maintained road, ensures exceptional ingress/egress, eliminating any traffic concerns. Municipal sewer, water, and gas adjacent to the property line streamlines and simplifies the development approval process while reducing approval time and potential risks / infrastructure costs.
The parcel benefits from favorable R-12 zoning, allowing developers to promptly submit plans for approval by the planning board. Additionally, the town planning board has shown a keen interest in collaborating to work within their zoning code to potentially provide bonus densities, permitting alternative uses/designs, providing opportunities for this site. Specially use permits within R-12 allows for additional uses including but not limited to : Senior Citizen Housing, large lots estate housing, Mixed Use/mixed -use occupancy, cluster dwellings one -family and/or townhouses and community residential facility for the disabled.
Conveniently situated near River Front Kingston, the N. Y. S. Thruway, and the area's numerous attractions, this presents a remarkable opportunity. Excellent opportunity to take a closer look.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $448,000 | $448,000 | $448,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,018 | $2,978 | $3,778 |
Total Monthly Payment | $3,110 | $3,070 | $3,870 |
* 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.