Located in Orange County, NY, in the Town of Wallkill, the Horse and Sulky Tavern (Real Estate Only for Sale) is a prime investment opportunity. The current occupant will lease back with terms to be agreed upon. This tavern boasts an established business featuring state-of-the-art refrigeration and ice machines, a walk-in keg room & cooler, and a wrap-around bar that seats over 30 guests. The professional bar setup includes cold beer taps, a soda machine dispenser, four stainless steel sinks, newer roll-top coolers, prep stations, a center island for the register, and ample cabinets and shelving, dining room offers additional seating with tables and booths, complemented by vaulted ceilings, ambiance, and recessed lighting throughout. updated floors, along with wood barrel accents on the ceilings, add to the charm. The commercial kitchen is equipped with two ovens, fryers, a pizza oven, four stainless steel sinks, prep stations, and racks, all supported by a state-of-the-art venting system. Outside, there's a patio with a wrap-around cement front porch and stone columns, plus three restrooms. Ample paved parking provides visibility and easy ingress and egress. Situated in the Light Enterprise District in the Town of Wallkill, this property offers numerous permitted uses.
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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 | $624,000 | $624,000 | $624,000 |
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 | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $649 | $649 | $649 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,151 | $4,147 | $5,350 |
Total Monthly Payment | $4,892 | $4,888 | $6,091 |
* 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.