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"SILK CITY NYACK DINER FOR SALE" - Calling all chef's and restaurant visionaries! Why rent when you can own? Here is your chance to own a true piece of Nyack history in this 40 seat standalone restaurant diner building for sale, complete with kitchen and basement storage. This listing is for the sale of the real estate, not the current operating business. 6 Park Street, Nyack, NY is currently operating as Bangkok Station and has been a staple Thai restaurant in Nyack for decades. The building, originally manufactured in 1947 by Silk City diners, is a turn key opportunity to have a thriving culinary business in Nyack with very low taxes around 8k a year. Silk City diners are commonly seen on many historic landmarks and this building has the potential to remain as is, or can be restored back to its nostalgic roots. While you are planning your next concept, you can continue to collect rent from the current tenant who is on a lease until November 2027, although he would be open to leaving sooner. Imagine the food possibilities you can add to an already thriving Nyack culinary scene with new restaurants opening nearby by other celebrity chef's. Asian street food? Jewish deli? The next White Manna? Rotating pop ups? The landlord has recently done over $100, 000 of extensive repairs including foundation work, two new bathrooms, new LED lighting, new hot water tank, furnace servicing, roof repairs and new piping and floor in kitchen. The building has a tin roof and the original Silk City plaque is still in possession by the owner and will go along with the sale. Please do not disturb the current operator with questions, must have confirmed appointment for any showings. Building can be shown any day before 12pm or anytime on Wednesday.
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William Raveis Real Estate
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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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 6.797% | 6.026% |
Monthly Tax Payment | $704 | $704 | $704 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,965 | $2,044 | $2,651 |
Total Monthly Payment | $2,744 | $2,823 | $3,430 |
* 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.