Historical Landmark 14 Family Building for Sale !! (3 Apartments are Studio Apartments. )Discover the charm of Saugerties, NY. A hidden gem of architectural beauty. This legal 14 family is nestled in the center of town in the scenic backdrop of the Hudson Valley. Saugerties is more than just a charming town, only 2 hours from NYC, 45 min to Windham Mountain, 30 min to Hunter Mountain, 20 min to Rhinebeck, and 15 min to Woodstock and Kingston, it is a treasure trove of delights that reflect its rich history and vibrant culture. Saugerties is more than just a scenic stop; it's a vibrant community that embraces creativity and culture. The local art scene flourishes with galleries, theaters, and live music venues that celebrate the town's artistic spirit. Attend seasonal festivals, farmers' markets, and events that bring residents together, making it a welcoming place for visitors and locals alike. This is a thriving community and a fantastic place to own your Historical Investment Building that has the most unique apartments with a strong income potential in a prime location close to shops, culinary delights and entertainment or make part of the building a an Art Galley with mixed use. Whether you're looking to immerse yourself in history or simply admire beautiful architectural designs, Saugerties is the destination that promises to captivate your heart. Invest in a legacy !! This incredible opportunity is a get away to a vibrant lifestyle and steady income. Plan your visit today. It is a destination that promises to captivate your heart. Your adventure awaits, where architectural beauty meets community spirit and an incredible buying opportunity !!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,752,000 | $1,752,000 | $1,752,000 |
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 | $2,161 | $2,161 | $2,161 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,948 | $10,930 | $14,666 |
Total Monthly Payment | $12,234 | $13,216 | $16,952 |
* 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.