5 Bank Street, Monticello (Thompson), NY, 12701 | $585,000
This grand old brick building was once the home for the Monticello Masons and has always been refered to as the " Masconic Building ". Built, probably in the early 1900's it has a unique architecture in the front. There are three floors each having about 4, 560 sq. ft. for a total if 13, 680 sq. ft. with a full basement. Renovations have been started. There is a new concrete floor in the basement and all the stone walls have been reapointed to make them water tight. New sewer pipes have been installed in the basement and a hot water heater. Upstairs there is all new subflooring throuhout the building. Some walls were taken out others were reinforced. All the old ceilings were taken out and many rooms have new sheet rock . The top floor and the orginal home of the Masons has a large meeting room, still in very good condition. Building has many possibilities retail or offices downstairs and multiple apartments on the second and three floors is permitted. Located omly a few hundred feet from Broadway in the Village of Monticello you are walking distance to transportation, shopping, restaurants and more. Municipal parking very close by.
Features
- Town: Monticello
- Property Type: Mixed Use
- Current Use: Commercial, Mixed Use, Office, Residential, Retail
- Construction: Block, Brick
- Heating: Oil, None
- Cooling: None
- Units: 1
- Zoning: B2
- School District: Monticello
- MLS#: H6232213
- Days on Market: 633 days
- Website: https://www.raveis.com
/prop/H6232213/5bankstreet_monticello_ny?source=qrflyer
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5 Bank Street, Monticello (Thompson), NY, 12701
$585,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $468,000 | $468,000 | $468,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,114 | $3,110 | $3,947 |
| Total Monthly Payment | $3,206 | $3,202 | $4,039 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535