This impressive townhouse, spanning 20 feet in width, represents an exceptional prospect for both investors and end-users. The property offers the advantage of occupying one unit while capitalizing on income from three additional units. At the heart of the residence is the owner’s unit, a junior two-bedroom apartment featuring a modern open kitchen layout with stainless steel appliances and a dishwasher. The north-facing living room boasts a decorative fireplace, crown molding, and original charm. Additionally, there is a versatile alcove laundry room adjacent to a full bathroom, suitable for a guest bed or nursery. The spacious south-facing master bedroom includes a full en-suite bathroom and a windowed walk-in closet with potential for conversion into a deck leading to the garden. The brownstone, configured for four families, includes a first-floor apartment with one bedroom, 1. 5 bathrooms, and private backyard access. The owner’s unit, situated on the second floor, comprises junior two bedrooms and two full bathrooms. The third and fourth units each offer two bedrooms and two bathrooms. Recent renovations include updates to the entry hallway, staircase, boiler, gas lines, double-pane windows, and outdoor gate. Between 2015 and 2018, all units underwent upgrades to kitchens and bathrooms. The basement provides clean storage space or potential for future development, while the expansive south-facing backyard is bathed in sunlight and easily accessible. This property presents an outstanding investment opportunity, providing both personal occupancy and significant income potential through substantial rent roll and low taxes. With considerable unused floor area ratio (FAR), there is potential for further development and additional income. Its prime location near the 125th 2/3/A/B/C/D subways, Whole Foods, fine dining, and the Lenox commercial corridor enhances its appeal, catering to investors or users seeking a blend of comfort, convenience, and income potential.
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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 | $2,156,000 | $2,156,000 | $2,156,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,411 | $13,805 | $18,486 |
Total Monthly Payment | $12,536 | $13,930 | $18,611 |
* 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.