Amazing opportunity to own this well maintained office building in the heart of downtown Suffern. If you're looking to gain visibility for your business while collecting rent from other Tenants, then this is where you need to be! The building is approximately 4, 032 SF and sets up the following way: 2, 700 SF of office / retail on the first floor, 1, 300 SF of office on the 2nd floor, and 500 SF of basement / storage space. The first floor has two back entrances and a private front entrance. There is a bathroom that services the front of the space and a bathroom for the back of the space. With little to no work, there is an opportunity for multiple rents to be collected. There is also a direct entrance to the second floor from the street. Use the whole building or just a portion of it. Two blocks from Suffern's Train or Bus Stations, one block to the municipal lot and in immediate proximity to an array of restaurants and other service oriented businesses. ParkingFeatures: On Street,
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Our Executive Mortgage Banker:
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$879,500
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 | $703,600 | $703,600 | $703,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.348% | 5.911% |
Monthly Tax Payment | $1,728 | $1,728 | $1,728 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,940 | $4,332 | $5,843 |
Total Monthly Payment | $5,760 | $6,152 | $7,663 |
* 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.