Embrace the essence of New York City with this exceptional 5-story, 22-unit building located in the heart of East Village on East 5th Street. Built in 1920, this architectural masterpiece combines timeless elegance with modern convenience, offering a prime opportunity for investors. Boasting an annual income of approximately $560,000, this property presents a lucrative investment opportunity. Nestled in one of NYC's most sought-after neighborhoods, there is access to an array of amenities, including dining, boutiques, and attractions. With its vibrant atmosphere and eclectic charm, East Village embodies the dynamic spirit of Manhattan. If you're looking to expand your investment in the heart of the city, this 5-story gem offers the perfect opportunity!
717 E 5th Street, New York, NY, 10009
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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