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Two-Family Brownstone Dream in Prime East HarlemA sun-drenched two-family brownstone nestled in the heart of East Harlem, 341 East 116th Street offers several potential uses that include a live-work space, an income producing investment property, or a huge single-family home. The townhome is 22 feet wide with tall sash windows, exposed redbrick accents, a pair of self-contained apartments, and a private backyard with a dining patio and lush lawn space. It is exceptionally quiet and is close to parks and public transportation. The 5-bedroom, 4. 5-bathroom upper triplex begins with a luminous living room with a trio of windows and a charming brick accent wall. The living room leads into an open plan living and dining area with soaring 12 foot ceilings and access to the backyard. The windowed kitchen is adorned with an eat-in peninsula, ample cabinet space, a breakfast nook, and full-size stainless steel appliances. The upper levels contain four en-suite bedrooms, a nursery or home office, and a laundry closet with a side-by-side washer/dryer. The primary suite has a huge walk-in closet and a skylit en-suite bathroom with double sinks, and a walk-in rain shower. The remaining bedrooms are spacious and bright with full en-suites and plenty of storage. The garden-level rental unit features an open plan layout, a side-by-side washer/dryer, and a bright bedroom with a massive walk-in closet and an en-suite bathroom. The living, dining, and kitchen area spans over 30 feet and has convenient powder room and access to the backyard. The basement provides additional storage. 341 East 116th Street is a few blocks from Thomas Jefferson Park and Costco. It is surrounded by restaurants, bars, cafes, and shops like Patsy's Pizzeria, Santiago's Beer Garden, Contento, and Tres Leches Caf . The 6 subway line is just over two blocks away.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,950,000
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 |
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Loan Amount | $1,560,000 | $1,560,000 | $1,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | $737 | $737 | $737 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,858 | $9,860 | $13,164 |
Total Monthly Payment | $9,720 | $10,722 | $14,026 |
* 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.