New to the market: offer for sale are two buildings situated on two manicured acres of land located at 1508-1510 Route 9W in Marlboro, NY. The buildings feature 15, 100 total gross square feet, which along with the property grounds have been meticulously maintained and recently upgraded. Over the past five years ownership has invested over $200, 000 in capital improvements to building mechanicals, septic system, parking lot resurfacing, and external and internal renovations. The buildings are leased to a mix of office and residential tenants. The front #1508 Rte. 9W building has two second floor 1-bedroom/1-bath residential apartments that represent immediate and substantial upside rent potential. The ground floor has a thriving physical therapy practice and an Edward Jones franchise with a loyal customer base. The rear #1510 Rte. 9W building has a medical office suite with chiropractor, acupuncturist, and herbalist practitioners. A 1, 500 sf (approx. ) ground floor unit is ready for build-to-suit a range of potential tenants while a turn-key move-in condition second floor 4, 200 SF (approx. ) office suite is ready for immediate occupancy. The asset is ideally suited for the end-user/owner-operator who would install a business in any or all of the available units while enjoying income from in-place tenants, which exceeds $100, 000 gross in-place rental income. Meantime, an investor will see a path towards achieving gross rents more than $285, 000 and an NOI of $208, 261 once the asset is fully leased and stabilized. There's no other property within 10 miles of this Hudson Valley Marlboro, NY gem that comes close to the quality and generational wealth- producing potential.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,275,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,820,000 | $1,820,000 | $1,820,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | $2,511 | $2,511 | $2,511 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,334 | $11,206 | $15,113 |
Total Monthly Payment | $12,970 | $13,842 | $17,749 |
* 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.