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Own a Piece of History! Gorgeous Landmark 3-Family Home in Morrisania, Bronx – A Perfect Investment & A Place to Call Home! This stunning, fully renovated landmark three-family home offers the best of both worlds—a lucrative investment opportunity and a place to truly call home. Whether you're looking for steady rental income or planning to live in one unit while having the other apartments cover your mortgage and living expenses, this property delivers unmatched value. Property Features: * Three Spacious Apartments + Full Basement with Separate Entrance! • 1st Floor: 2 Bedrooms, 2 Bathrooms • 2nd Floor: 2 Bedrooms, 2 Bathrooms • 3rd Floor: 3 Bedrooms, 2 Bathrooms • Full Basement: Ideal for additional space or storage Spacious, Comfortable, and Versatile Living * Expansive living and dining areas in each unit—perfect for entertaining and everyday living * Potential for additional bedrooms on each floor for future expansion * Private backyard for relaxation or gatherings Completely Remodeled Inside & Out! * Brand-new interiors with elegant finishes. * New plumbing & electrical systems for peace of mind. * Separate boilers, heaters AND meters in Every Unit!!! * Modern gallery kitchens with stainless steel appliances in every unit. * Gleaming hardwood floors throughout. * Stylish new bathrooms. * Ample closet space for ultimate convenience. Prime Location & Accessibility: * Near public transportation, major highways, top-rated schools, and restaurants. * Walk Score: 88 – Conveniently walkable neighborhood. * Transit Score: 100 – Steps from major subway & bus lines (Rider’s Paradise). * Bike Score: 73 – Easy and enjoyable biking in the area. An Incredible Investment & Homeownership Opportunity! * Live comfortably in one unit while the rental income from the other two covers your mortgage and living expenses! * Strong return on investment with the potential to add extra bedrooms and increase rental income over time. * Perfect for investors, first-time homebuyers, or those looking to build generational wealth. This rare gem won’t last long - take advantage of this GREAT opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
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 | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $184 | $184 | $184 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,882 | $6,634 | $8,812 |
Total Monthly Payment | $6,191 | $6,943 | $9,121 |
* 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.