The subject property is a Landmark five story building located in a busy block, right on Lexington Avenue and 70th Street.
In the commercial component of this multi-unit townhouse is a pizzeria which occupies the grand floor and a spa on the second floor. The restaurant-pizzeria is a very popular neighborhood destination.
The remaining floors consists of three (3) full floor apartments. All 3 residential units are free market and have been recently renovated except for the fifth floor. Each 1BR + Home Office apartment measures approximately 1000sqft.
The restaurant space is 1,500 SF, not including the basement, while the retail space on the second floor is about 1000SF.
The fully occupied 25ft wide Townhouse, on this sought-after block, gives an investor/buyer the right cash flowing asset.
965 Lexington Avenue, New York, (Upper East Side), NY, 10021
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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