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489 West End Avenue is a Flemish Revival-style townhouse designed by architects Lamb & Rich and constructed in 1892. This property presents an opportunity to own a turnkey historic, income-producing townhouse in the heart of the Upper West Side. Currently configured as a five-unit multi-family residence, this stately property is in excellent condition and offers immediate investment value with all units occupied and generating consistent rental income, as well as flexibility for live-with-income use or eventual conversion to a single-family home. Spanning five stories plus a cellar, this elegant, turn-of-the-century townhouse showcases timeless architectural details and gracious proportions. Each of the five rental apartments is thoughtfully laid out, offering generous living space, ample natural light, in-unit laundry, and private outdoor access in two of the units. Positioned on a wide, tree-lined avenue and surrounded by landmarked townhouses and historic prewar buildings, 489 West End Avenue is nestled in one of the most tranquil and sought-after pockets of the Upper West Side. The building's orientation ensures an abundance of natural light throughout the day, and its location provides unparalleled access to Riverside Park, top-tier schools, and the cultural offerings of Lincoln Center, the American Museum of Natural History, and more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,250,000
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 | $5,000,000 | $5,000,000 | $5,000,000 |
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 | $9,497 | $9,497 | $9,497 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $28,389 | $32,016 | $42,531 |
Total Monthly Payment | $38,011 | $41,638 | $52,153 |
* 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.