PROFESSIONAL OFFICE BUILDING IN CHATHAM, NEW YORK

PROFESSIONAL MEDICAL OFFICE BUILDING IN CHATHAM - $425,000.

Professional Office building fully leased. Excellent tenants with current leases. New rubber roof in 2010, new furnaces and hot water heaters. This 5,000 square foot professional office building was built in 1962. It sits on 3.8 acres of land on a side street in the Village of Chatham. It has waiting rooms, reception/office areas, 5 baths, and ample parking in both the front and the rear of the building. Tennants pay for heat and electric. There is a total of 4 furnaces (including backups) and the building is air conditioned. Total Annual Real Estate taxes are approximately $11,732. per year. Gross income is approximately $81,000+ per year. Owners pay the real estate taxes and tenants pay approximately 91% of the common charges.

Total Annual Income: $81,116.
Total Annual Expenses: $48,200.
Total net Income: $3,916.

Cick on the link below for more information:

http://www.grayriderrealestate.com/Form-MedicalBuilding-InfoRequest.htm

Survey: 87% of First-Time Homebuyers Don't Foresee Payment Troubles

Prospective homebuyers cite worries about future unemployment, concerns about property affordability, and the local economic outlook as issues that hold them back from jumping into the market, according to an industry survey commissioned by Genworth.

But the Virginia-based mortgage insurer says these economic concerns have not translated into excessive mortgage stress among recent U.S. homebuyers.

According to the survey, 87 percent of Americans who bought their first home in the past 12 months expect to easily meet their mortgage repayment obligations in the coming year.

Genworth debuted its new International Mortgage Trends Report Friday based on a global survey of current and aspiring homebuyers aimed at gaining local insight into key world markets. More than 9,000 respondents were interviewed from Australia, Canada, India, Ireland, Italy, Mexico, the United Kingdom, and the United States.

The company says the U.S. is the most optimistic among all the markets surveyed about buying a home. According to the findings, nearly two-thirds of Americans polled believe now is a good time to buy a home.

Genworth says indebtedness colors how households around the world view their financial situation and how they approach buying a home. Western countries tended to have higher levels of debt, but were also more comfortable taking on debt.

Of the many factors that influence the decision to buy a home, Genworth notes that consumer confidence is one of the most important.

The company’s survey found that homebuyer confidence has eroded due to property market instability and worries about personal finances, leading consumers to adopt a wait-and-see attitude.

Still, nearly two-thirds of Americans surveyed believe now is a good time to buy a home for those who can afford it.
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Article by Carrie Bay - www.DSNews.com

FLANDERS CORP COMING TO COLUMBIA COUNTY

The news that the Flanders Corporation will move into Columbia County is a welcome sign that the changing dynamics in New York State are starting to reap benefits.

The Flanders Corporation has picked our region to expand its growing air filter manufacturing business which is based out of North Carolina. The Company will be creating 180 jobs and investing approximately $7 million in the former Kaz plant. The collaboration between state, county and local officials helped make this a reality and I was pleased to be a part of this economic development team.

As challenging as this past budget process was, my Republican Senate Colleagues and I remained steadfast in our commitment to deliver an on time budget that contained no new tax increases. A signal that New York can be competitive in attracting and maintaining businesses and jobs.

I am hopeful the Flanders Corporation is the first of more businesses who will see the region full of potential to establish or expand a business.

Posted by State Senator Steve Saland