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1952 Commerce Street, Yorktown Heights, NY, 10598 | $1,900,000
This Project was conceived to fill a need for Luxury Hotel accommodations, both short term and extended stay, in Northern Westchester and is located in the town of Yorktown Heights. The rooms are a variety of one room and small suite accommodations. The 18 rooms would be charged daily or weekly to accommodate allowable use. The lobby is conceived and approved to allow for a café, coffee house or a formal tea house open to the Public. The Rooftop is conceived and approved to allow for a restaurant or event space, open to the Public. Both areas would be leased space and income generating. This Project is approved and ready for Building Permits. This is an approved project with the Town of Yorktown. We are selling the existing property and the approvals for the Hotel. This is an amazing opportunity to capitalize on a singular vision. The price reflects the value of the existing property and the cost of the project to date to bring it to the approval stage. The current structure is completely renovated, rented, and income generating. There is an attached PDF describing the Project in full.
Features
- Property Type: Business
- Parking: Parking Lot, Public Parking
- Heating: Other, See Remarks
- Cooling: Central Air
- Units: 20
- Acreage: 0.3
- Lot Desc: Corner Lot
- School District: Yorktown
- MLS#: H6310208
- Days on Market: 199 days
- Website: https://www.raveis.com
/prop/H6310208/1952commercestreet_yorktownheights_ny?source=qrflyer
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888.699.8876
Contact@raveis.com
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Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 24240
914.494.1459
Vincent.DiMella@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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Jennifer HartInsurance Sales Director, William Raveis Insurance
978.457.6220
Jennifer.Hart@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1952 Commerce Street, Yorktown Heights, NY, 10598
$1,900,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Vincent DiMella
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,870 | $9,607 | $12,827 |
| Total Monthly Payment | $8,995 | $9,732 | $12,952 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535