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NEW: a rare opportunity to purchase a residential/commercial property has come to market in the beautiful Catskill mountains, with direct Delaware River frontage. 4423 State Route 97 in Barryville New York is the only property of its size and type on the market in the Upper Delaware Valley and it is a wise investment/end-use property for the savvy buyer looking to get a toehold in a booming area, in a turnkey property with multiple uses: rental apartments, condo units or a legal restaurant space; the options are endless but the value is real. With direct Delaware River frontage and views of the historic Roebling Bridge, 4223 State Route 97 is perfectly located with access to New York City, world class recreation and stunning natural beauty in a soaring real estate market. The ground level space was designed for a restaurant with ample parking spaces, accessible bathrooms and entry ramp, a commercial kitchen and is plumbed for a bar. Currently used as a residence, it is a large and bright loft space with a gas fireplace and French doors opening to a wide deck with panoramic views of the Roebling Bridge and Delaware River, ideal for summertime dining and events. The deck is supported by rolling lawns and has a huge shed that acts as storage or a potential concession stand. Additionally, there is fully finished walk-in basement with half bathroom which would make an ideal wine cellar/tasting room and which has an outdoor deck of it’s own overlooking the lawn and river. The remaining two residential units are stunning, bright and thoughtfully designed duplex apartments with two-three bedrooms, two baths and private decks overlooking the Delaware River. They are turnkey apartments that have can return high rents and have great potential as future condominium units. Appointed with hardwood floors, stainless steel appliances, granite countertops and gas fireplaces, these residential spaces could be combined into one very large apartment or used to house workers for a successful restaurant below. With updated mechanicals, separate meters, central air and heat and the most coveted location in Sullivan County, 4223 State Route 97 represents an opportunity to not be missed. Located just two hours from Manhattan and close to trains and bus lines along with Bethel Woods Performing Arts Center, Resorts World Casino, skiing, hiking, fishing, rafting and an 365 days-a-year outdoors lifestyle, 4223 State Route 97 is the place to purchase your next real estate investment. Please contact the exclusive brokers for a showing.
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Our Executive Mortgage Banker:
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$1,650,000
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 | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.754% | 6.309% |
Monthly Tax Payment | $550 | $550 | $550 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,599 | $8,452 | $11,228 |
Total Monthly Payment | $8,274 | $9,127 | $11,903 |
* 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.