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Prime Mixed-Use Property in Oyster Bay Located at 22 Pine Hollow Road, Oyster Bay, this exceptional mixed-use building offers a rare opportunity in a bustling area near the intersection of Pine Hollow Road, South Street, Berry Hill Road, and Lexington Avenue. Sitting on a 50x150 lot, the newly renovated property (2024) boasts a modernized restaurant on the first floor, complete with a brand-new HVAC system, updated electrical and plumbing, a brand new, fully equipped kitchen line, one basement walk in box and two outdoor walk ins. The restaurant features 70 indoor seats, an inviting outdoor courtyard with additional seating, a full liquor license, jukebox, lotto machines, TVs, and hardwood floors throughout the dining and bar areas. The property also includes a second-floor, 3-bedroom apartment with a private entrance, offering rental income potential, and a third-floor walk-up attic for storage or additional space. With basement access, two restrooms, and a prime location, this versatile property is ideal for investors or owner-operators. Don't miss this opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.599% | 6.472% | 6.032% |
Monthly Tax Payment | $2,047 | $2,047 | $2,047 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,905 | $6,488 | $8,706 |
Total Monthly Payment | $8,077 | $8,660 | $10,878 |
* 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.