Historic and Modern Nyack meet in the ultimate "work from home", multi-use river view building. The owners created a fabulous expanded second-floor residence, taking advantage of the views. Until recently, 49 Burd was home to the iconic Squash Blossom store, a local legend for 50 years, offering authentic Native American jewelry and crafts. It is included in the village's Downtown Multi-use zone, offering many residential and commercial possibilities for a new owner. The building has been used by family members for many years, estimated rent roll for investor would be approximately six thousand dollars per month if rented as 2 BR apartment, store space, and 2 offices. The mid-1800s footprint housed a saddlery, where saddles, reins, etc. were repaired for locals and travelers who stayed at the St George Hotel across the way. The front-facing portion (including the entry hall, a charming first-floor room, the stairway, and the upstairs living room) still has the original beautiful 1800s wide-board pine floors from that period, as well as a neoclassical fireplace surround and window moldings. The antique flooring has been matched in the expanded spaces, providing a seamless transition. The expanded 2nd floor light-filled apartment offers dramatic high ceilings, Hudson River views, two bedrooms with cathedral ceilings, a chic renovated bath, large laundry area, and lots of closet/storage space. Salvaged beams from the original attic space add drama to the open concept living area. The first floor includes the spacious hardwood-floored store space (16x36 ft) with a large display window and a separate entry. Two more light-filled rooms that can be offices (or possible additional living spaces) and a full bath with clawfoot tub/shower complete this floor. The large 2nd floor deck is a great place to gaze at the river and a prime location to watch Fireworks on the Fourth in nearby Memorial Park. A sweet, private urban backyard is accessed from the deck and from the first floor, and owner/occupants or tenants will be one block from the marina area (bring your boat!) and Memorial Park, or one block from Nyack's fantastic shops, clubs and restaurants.
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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.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 | $704,000 | $704,000 | $704,000 |
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 | $1,488 | $1,488 | $1,488 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,997 | $4,392 | $5,893 |
Total Monthly Payment | $5,577 | $5,972 | $7,473 |
* 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.