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Incredible opportunity to purchase a 2 family townhouse on a prime Upper Eastside block. 166 East 74th Street is nestled between Lexington and Third Avenues and represent fabulous value for a home that has been owned by one entity for decades.
The front door opens to the house on the street level through a gated courtyard and then entrance foyer leading to both the lower level 2 floor apartment with 2 BR's, one on each floor, a kitchen, dining area and sitting room on the lower level with doors leading out to the spacious and charming garden. The upper floor of the lower apartment can be accessed from outer stairs or via an internal spiral staircase and consists of two spacious rooms: a spacious living room with French doors and Juliette balconies overlooking the lovely greenery of the garden. The room has a wood-burning fireplace. 10'6" ceilings. On the same floor is a grand scale primary bedroom with large windows, ample closets, a wood-burning fireplace and 10'6" ceiling heights.
The main upper apartment starts on the 3rd floor and has a lovely gracious living room, a formal dining room, both large windows allowing for sunlight to stream in. Both rooms have wood burning fireplaces for added ambiance. There is a fully equipped kitchen off of the formal dining room. Also, on this floor for convenience, you will find a strategically placed powder room.
The fourth floor contains two comfortable bedrooms each with ensuite baths with shower and tub. The primary BR overlooks lovely townhouses and the garden which lends to further tranquility and charm.
The fifth floor has a separate enclosed laundry room with full size Washer and Dryer, further spacious bedroom with ensuite bath and walk-in closets. There is a large spacious terrace with room for multiple seating, planting and perfect for sunning and relaxing outdoors.
The house has a dry basement which is a luxury and perfect for extra storage for numerous items including garden tools, suitcases, boxes etc.
With air-rights and the ability to build into the garden, this townhouse has multiple and versatile possible uses such as combining both units to make a spacious single family home in a residential area yet close to all amenities such as grocery stores, shopping, schools, restaurants, coffee shops and museums or enlarging the house or keeping as two separate units, one or both for rent.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,950,000
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 |
|
---|---|---|---|
Loan Amount | $4,760,000 | $4,760,000 | $4,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.511% | 6.309% |
Monthly Tax Payment | $6,289 | $6,289 | $6,289 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,027 | $29,696 | $40,490 |
Total Monthly Payment | $33,441 | $36,110 | $46,904 |
* 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.