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540 Milton Road

540 Milton Road, Rye, NY 10580
Commercial in Rye
2 Units For Sale
Unit for sale at 540 Milton Road,  10580

$1,800,000

  • Commercial
540 Milton Road, 10580 Listing by Michael Holmes

Unit for sale at 540 Milton Road,  10580

$1,800,000

  • Commercial
540 Milton Road, 10580 Listing by Michael Holmes

This has been categorized as a commercial property type. In total, the area measurement of the land is 6,534 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 540 Milton Road was last sold in Dec 15, 2022 for $1,450,000. Prior to that sales transaction, the property was sold for $1,450,000 in Dec 7, 2022. Current property owners are expected to pay $17,894 in taxes per year. The property on 540 Milton Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $16,000. To break that down further, the land itself was valued at $7,500. While improvements to the property were assessed at a total of $8,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.15
  • Standard Land Use Code: Commercial/office/residential (mixed use)

Ownership

  • Current Owner : 540 MILTON LLC
  • Current Owner 2: CERMELE & WOOD LLP
  • Previous Owner : GALLICANO MICHAEL A
  • Previous Owner 2: GALLICANO BROTHER TRUST
  • Owner Before Previous Owner: GALLICANO BROTHERS TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Rye City School District
  • School Tax School District: RYE
  • Census Tract: 007700

Geography

  • District: 551400
  • Section: 153.06
  • Parcel: 551400 153-6-1-73
  • Block: 1
  • Lot: 73.000
  • Municipality: RYE
  • Latitude: 40.9616
  • Longitude: -73.6884

    Address

  • Full Address: 540 Milton Rd
  • Address - House Number: 540
  • Address - Street Name: Milton
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Rye
  • Zip Code: 10580

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,894
  • Tax Rate Code Area: 551400

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,300,000
  • First Open Lien Mortgage Lender: GALLICANO BROTHERS TRUST
  • First Open Lien Mortgage Recording Date: Dec 23, 2022
  • First Open Lien Mortgage Loan Amount: $1,150,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 31, 2027
  • Second Open Lien Mortgage Lender: GALLICANO BROTHERS TRUST
  • Second Open Lien Mortgage Recording Date: Dec 23, 2022
  • Second Open Lien Mortgage Loan Amount: $1,150,000
  • Second Open Lien Mortgage Term: 60
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Seller take-back
  • Second Open Lien Mortgage Loan Due Date: Dec 31, 2027

    Market Valuation

  • Market Total Value: $1,240,310
  • Market Land Value: $581,395
  • Market Improvement Value: $658,915

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $8,500

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 23, 2022
  • Current Sale Transaction ID: 11916646262
  • Current Sale Price: $1,450,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 623473067
  • Previous Sale Recording Date: Dec 23, 2022
  • Previous Sale Contract Date: Dec 07, 2022
  • Previous Sale Amount: $1,450,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GALLICANO BROTHERS TRUST
  • First Mortgage Transaction Date: Dec 23, 2022
  • First Mortgage Loan Amount: $1,150,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 31, 2027

    Previous Mortgages

  • Previous Mortgage Lender: GALLICANO BROTHERS TRUST
  • Previous Mortgage Transaction Date: Dec 23, 2022
  • Previous Mortgage Loan Amount: $1,150,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Dec 31, 2027

About Rye



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Nearby Rentals

Unit for rent at

$1,500 /mo

  • 1 Bed
  • 1 Bath
  • 666 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 540 Milton Road located in?
The 540 Milton Road is a commercial located in the neighborhood of Rye in Rye, Rye.
How many listings are currently for sale in 540 Milton Road?
There are two listings currently on the market for sale.
What is the average sales price for listings in 540 Milton Road?
The average sales price for units in 540 Milton Road is $1,800,000 currently.

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