The Village of Millerton, with its charming streets and vibrant pedestrian traffic, presents a unique opportunity for culinary entrepreneurs. The cafe space available is fully equipped and spans an inviting 2, 080 square feet, perfect for introducing your delectable creations to the community. The welcoming atmosphere is enhanced by the option for patrons to dine inside or bask in the ambiance of the outdoor seating area. With modern updates including plumbing, heating, and electrical systems, the space is primed for operation. Additionally, the building comprises two units, with one currently occupied by a tenant, offering a potential for immediate rental income. The additional rental space measures 1, 040 square feet, providing flexibility for expansion or complementary business ventures. Situated just 15 minutes from key locations such as Wassaic Train Station and various New York and Connecticut towns, the cafe promises accessibility and convenience for both local and visiting patrons. This presents a prime location to bring a fresh culinary concept to the evolving village of Millerton, a community that appreciates and supports local businesses. Additional Information: HeatingFuel: Oil Above Ground,
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Our Executive Mortgage Banker:
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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.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $423,200 | $423,200 | $423,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $655 | $655 | $655 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,745 | $2,710 | $3,514 |
Total Monthly Payment | $3,492 | $3,457 | $4,261 |
* 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.