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Location, location, location. Priced to Sell. A rare opportunity to own a distinguished townhouse on the Upper West Side, currently configured as a 9-unit building with the potential to be transformed into a grand single-family residence. The property is currently arranged as nine individual apartments, including five one-bedroom units, one with patio and garden access, and four studios, one featuring a private terrace. One rent stabilized unit which is currently owner occupied. The property comes as is and can be delivered vacant. Situated on a charming and quiet tree-lined cul-de-sac street of the Upper West Side, this elegant townhouse spans over 5, 000 square feet, with an additional ~450 square feet of outdoor space. Sitting on a 16’ x 78’ footprint within a 100-foot-deep lot, the home overlooks historic townhouses and is located just a short distance from Riverside Park. This residence offers a prime opportunity for immediate rental income or a seamless conversion into a magnificent single-family home tailored to your vision. Priced to accommodate a gut renovation. Perfectly positioned in one of the city’s most coveted neighborhoods, the townhouse is just moments from the 72nd Street subway station, offering easy access to the rest of Manhattan hustle and bustle but still enjoy the peaceful setting of a cul-de-sac street. A vibrant selection of restaurants, cafés, boutiques, and all the grocery stores you can imagine are within easy reach, providing both convenience and charm. Whether enjoying a quiet morning in Riverside Park, indulging in the area’s rich cultural scene, or transforming this residence into a one-of-a-kind luxury home, this is a rare and exciting opportunity. You can't find a more convenient location. Total projected rent income $310, 800.
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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 | $3,200,000 | $3,200,000 | $3,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | $5,948 | $5,948 | $5,948 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,674 | $20,490 | $27,438 |
Total Monthly Payment | $24,747 | $26,563 | $33,511 |
* 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.