Welcome to 85 Railroad Street located in the heart of Downtown New Milford, where a perfect blend of Historic small town charm and New England village appeal collide. Here is your opportunity to own a piece of New Milford's vast History. This all inclusive sale is comprised of an expansive 3 level 12, 000+sqft Retail Building, an astonishing 5000+sqft attached Warehouse Building, and an absolutely invaluable 20 space private Parking Lot. While approaching the Retail Space you will see 10 private off street parking spaces including 2 designated handicap spaces directly outside the entry door. Once inside, you will find an open concept retail showroom with a tremendous amount of large street facing display windows, extensive potential of office space, and multiple patron/employee accessible bathrooms. Continuing upstairs let your enterprising fortitude and imagination engage as you find the immense potential of further professional office space, apartment space, extended stay space and much more. Entering the attached brick Warehouse Building you will find 3 large overhead doors, plenty of open floor space, an expansive mezzanine, high ceilings, and even more ancillary office space. With a full range of B-1 zoning applications, plenty of Downtown private parking, and ample room for expansion bring your entrepreneurial vision and see why this extraordinary investment opportunity may be perfect for you.
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$998,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $798,400 | $798,400 | $798,400 |
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 | 6.550% | 6.346% | 5.907% |
Monthly Tax Payment | $840 | $840 | $840 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,471 | $4,916 | $6,630 |
Total Monthly Payment | $5,403 | $5,848 | $7,562 |
* 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.