162 Mill Road, Southampton (Westhampton Beach), NY, 11978 | $2,500,000
After over 100 years of being in business as a family run luncheonette this prime business location is for sale. The building was built in the early 1900's and has been renovated over the years. The rear full size kitchen was added in 1998. The first floor is a 60 seat restaurant feature the original tin ceiling, hand laid tile floor, and high ceilings. On the first floor there is a 1/2 bath, full commercial kitchen with direct access to a walk in refrigerator. The second floor is the primary residents of the owners. There are a total of 6 rooms, 4 bedrooms, 1 large living room and a full bathroom. Access is from the outside of the residents. The rear of the basement is a full basement. The basement extends as a dutch basement to the front of the building. 158 Mill Road is also included in this purchase. This is currently the parking lot in the front and outdoor seating in the rear. , Additional information: Business Located At: 162 Mill Road, Westhampton Beach, Dining seats: 50, Building Size: 3597
Features
- Town: Southampton
- Property Type: Business Opportunity
- Heating: Oil, Forced Air
- Year Built: 1900
- Est. Taxes: $5,740
- MLS#: 3557701
- Days on Market: 83 days
- Website: https://www.raveis.com
/prop/3557701/162millroad_southampton_ny?source=qrflyer
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888.699.8876
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
162 Mill Road, Southampton (Westhampton Beach), NY, 11978
$2,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| 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 | $478 | $478 | $478 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,199 | $12,314 | $16,608 |
| Total Monthly Payment | $11,802 | $12,917 | $17,211 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535