Location, location, location! Formerly the Rock Cliff House inn and tavern, this property offers a unique opportunity for transformation in the heart of High Falls, NY. Positioned on a bustling stretch of State Route 213, this high-visibility property is just 90 miles from Metro New York and is primed for redevelopment to serve both locals and visitors. Set on 5 acres and zoned for business, this parcel is ideal for a hospitality venture or other businesses looking to capitalize on the area's recent growth and appeal. With its rich history and central location, it has served as an inn, restaurant and tavern with business zoning allowing for a variety of applications and uses. This desirable location boasts a daily vehicle count of 4300 according to NYS DOT estimates. Route 213 serves as a busy thoroughfare, connecting the town of High Falls to Rosendale, Stone Ridge and beyond. The town has undergone tremendous revitalization over the past few years and benefits from steady traffic from locals and visitors alike. Embrace the potential of this scenic, vibrant region and a unique building steeped in history and character. Bring your vision to life in one of New York's most charming destinations.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,992 | $3,988 | $5,145 |
Total Monthly Payment | $4,084 | $4,080 | $5,237 |
* 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.