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The Cannonball Factory is an iconic historic factory building built in 1871. Located just steps from the busiest blocks of Warren St and in the Central Commercial district, nearly all uses are permitted including multi-family. With Hudson's booming housing market, this would make a brilliant residential loft conversion for condos or high-end rentals. The property boasts 22, 000 square-feet of renovated space across five floors, and each space has an inspiring feel and fascinating architectural elements. Ceilings height ranges from 9'-15' and the building is flooded with both South and North facing light. All structural, masonry and mechanical work has been addressed, and the systems are excellent - new windows, standing seam metal roof with solar panels, high efficiency boilers and air conditioning throughout. The property includes a 2, 000 SF brick-walled courtyard which could be developed into an additional structure. There is a dedicated parking lot for 16 vehicles with Level 2 electric chargers. This is a truly singular opportunity for an investor, developer or business owner to join Hudson's booming scene at the epicenter of art, culture, and lifestyle in the Hudson Valley.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,500,000
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 | $6,800,000 | $6,800,000 | $6,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,225 | $42,981 | $58,305 |
Total Monthly Payment | $40,350 | $43,106 | $58,430 |
* 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.