This property features two beautifully renovated, legally-zoned units, each equipped with separate digital lock pads for convenience and privacy. The first-floor unit, currently a thriving short-term rental on Airbnb, provides EXCEPTIONAL income with its stylish design and thoughtful amenities. The second-floor unit, a charming long-term rental, boasts a reliable tenant on their second lease term. Whether you’re looking to live in one unit and rent the other or maximize returns as a full investment property, this home is a rare find in a coveted location. Facing the Hudson River AND George Washington Headquarters, this property is next to a fantastic grocery store/coffee shop, and on the same block as one of the city's most adored restaurants (Ms. Fairfax by Chef Angel Rojas). Prime positioning, modern upgrades, and proximity to Newburgh’s top attractions such as the Newburgh Waterfront make this property a must see. Don’t miss this opportunity!
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $460,200 | $460,200 | $460,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $824 | $824 | $824 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,985 | $2,947 | $3,822 |
Total Monthly Payment | $3,901 | $3,863 | $4,738 |
* 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.