Create your own private sanctuary at this wonderful Upper East Side ivy covered townhouse. Begin your day overlooking the plantings and mature trees in your private garden from your sitting room on the first floor or from your second floor balcony. The property is currently a vacant 5 story building, plus basement. The townhouse can be restored to a single family residence, *combined to create a 41' x100'+ single family mansion, or maintained as multi-family rental units for interested investors. The building is not currently landmarked nor are there any historical restrictions on the building, allowing for the facade to be changed. The building was constructed circa 1910 and has been owned by the same family for over six decades. The owners duplex, located on the first and second floors, boasts stunning vintage 1960s Sherle Wagner porcelain bathrooms, including fixtures, and wallpaper. There are cedar closets throughout and a working marble fireplace on the first floor, with (6) additional decorative marble fireplaces throughout the building. The property currently consists of an owners duplex on the first and second floors, with a separate entrance leading to (3) free market rental apartments located on floors 3-5. The apartments have high ceilings, some original details and skylights. The townhouse is located within the Design District, steps away from the D& D Building. The Decoration and Design Building, which is known nationally and internationally as home to over 100+ showrooms, represents over 3, 000 leading manufacturers dedicated to the very best in residential and business interior furnishings. The property is just a couple blocks from Park Avenue, several blocks from Madison Avenue, Fifth Avenue and Central Park, with convenient access to world class restaurants, shopping, museums, art galleries, and numerous cultural activities. Located within close walking distance to public transportation. Laguardia, JFK, Newark Int'l and Teterboro airports are all within commuting distance from the property. *Please Note: A rare opportunity currently exists to create one of the largest single family townhouses in Manhattan, approximately 41'x100'+, by combining two single family townhouse's, with additional square footage, additional available air rights and a total of approximately 2, 000 (sf) of outdoor garden space. Current Property DescriptionThe property is built on a 21' 6" x 100' 5" lot with a gross lot area of 2, 170. 8 (sf), built 66' deep, with 5, 618 (sf) of interior space and an approx. additional 2, 782 (sf) of available air rights with approx. 8, 685 total buildable (sf). The property is being offered for sale, "AS IS". Lot Dimensions: 21' 6" x 100' 5"Lot Area (sf) 2, 170. 8Building Dimensions: 21' 6" x 66'Building Size (sf) 5, 618Stories: 5Units 4Zoning R8BMax. FAR 4Available Air Rights: 2, 782Total Buildable (sf) 8, 685RE Taxes (21/22). $105, 867All information provided herein is from sources deemed reliable, all dimensions are approximate, for exact dimensions, please hire your own architect, designer or engineer, Buyer‘s to verify all measurements and data accuracy. No representation is made by R New York, LLC nor any agent or broker associated with R New York, LLC. No warranty or representation, expressed or implied, is made as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, prior sale or lease, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property, owner(s). It is the responsibility of the prospective purchaser to make an independent determination as to the condition of the property (or properties) in question.
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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 | $3,360,000 | $3,360,000 | $3,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $8,822 | $8,822 | $8,822 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,342 | $21,237 | $28,354 |
Total Monthly Payment | $28,289 | $30,184 | $37,301 |
* 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.