Location, location, location with room to GROW! Strategically positioned, well-respected auto sales and service business in the Sullivan County Catskills is now available on the open market. This very active Ford - Lincoln dealership has a bustling service and parts department and a large customer base. Opportunity is knocking and this is music to any auto dealer's ears! Potential is unsurpassed! Super high visibility, high traffic, and easy accessibility to the highway with east-bound and west-bound ramps just a few seconds away, this is a location that can't be beat! Dealership and signage are extremely visible sitting up high and mighty and fronting I-86/ NYS Route 17 with 440+ feet of exposure. 17, 000 SF steel frame building offers large showroom, huge service area, 2 overhead doors, 7 lifts, large parts room, multiple offices, break station, storage and 3 restrooms. With over 4 acres, there is potential for additional square footage and increased parking. Tremendous coverage area for sales and service with no one else in the county. With an impeccable reputation, many years in the industry, and this amazing location, this is something you can bank on. Catskill Resorts Casino, Kartrite Water Park is around the corner, gas station/ convenience store at the exit, auto/ truck sales across the highway, the exclusive Monticello Motor Club is a 10-minute drive and Monticello business district is moments away. Bethel Woods Center for the Arts and a vibrant tourism influx year after year is the icing on the cake. 90 miles to NYC. Will work with buyer for a smooth transition. Inventory and franchise are not included in the asking price, and please do not contact business directly.
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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.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 | $5,520,000 | $5,520,000 | $5,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,730 | $1,730 | $1,730 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $31,776 | $34,890 | $46,581 |
Total Monthly Payment | $33,631 | $36,745 | $48,436 |
* 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.