This highly unique offering's highest and best use is envisioned as a mixed-use waterfront development. It is one of the last properties of its type on Long Island Sound, where, by special permit, one can imagine a residential development with owners having their own boat slip right out their front door! The property expansion into the channel ensures uninterrupted water views on three sides. With a panorama overlooking their yachts, the New York Athletic Club and Huguenot Yacht Club Marinas, Glen Island, and Hunter Island/ Pelham Bay Park to the south, this distinct property, located at 101 Harbor Lane West in New Rochelle, NY offers a lifestyle any boat owner will covet, and offers the classic yacht owner the swell and wave protection his boat requires: It's one of Long Island Sound's best-protected "Hurricane Holes". The club's current layout includes two walk-on docks, one with 12 slips, and one with 13 slips, connected by a walkway; Additionally, a boat staging area, travel lift and pit, boat repair building, and a single-story marina office and clubhouse with heads and showers. There is also a tender area, a 6-wet, 12-dry dinghy dock, and a 274' mid-channel dock. What sets this property apart is its strategic location. Not only is it close to three international business centers, and next to two prestigious yacht clubs, it's surrounded by scenic settings of three aquatic wildlife and bird sanctuaries, scull and crew training courses, extensive bike paths, and the Bascule drawbridge.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,250,000
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 | $3,400,000 | $3,400,000 | $3,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,305 | $21,212 | $28,462 |
Total Monthly Payment | $19,430 | $21,337 | $28,587 |
* 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.