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38 East 73 St. townhouse, is a 5 story home in the middle of a full renovation, converting from a multi-family to a single family home. It's an exceptional opportunity to create your own fabulous home in the heart of the Upper East Side.
It is in the Upper East Side Historic District and is landmarked. The zoning is C5-1, commercial zoning district, in the Special Madison Preservation District (MP). The district permits residential, commercial and community facility uses.
This townhouse is suitable for buyers who are willing to invest time and money into renovating it according to their preferences and needs . The
townhouse is priced below the market value to reflect its condition and to attract motivated buyers.
Built at the turn of the century just steps away from Madison and Fifth Avenue, this residence offers absolute privacy while providing easy access to Central Park, galleries, high end shops and finest restaurants.
The attached floor plan is a rendering done by an architect. The images were taken prior to the renovation.
38 East 73 ST.
5, 340 Sq Ft
Size: 17'x 82'
Built: 60'
7 bedrooms, 5 bathrooms & 2 powder rooms.
Built full to the back of the property line
Extension on 2nd. & 3rd. floor.
First floor - Main entrance. Stairs leading to street level large room, large kitchen and bathroom, it can be entered from the street level side door.
Second floor - living/dining room, study, powder room. A kitchen with a green house and small patio.
Third floor - Two bedrooms, 2 bathrooms with an extension outside the master bath.
Fourth floor- Two bedrooms, a powder room. Has a small terrace on the roof of the extension. Renovated
Fifth floor - Two bedrooms, 2 bathroom.
Full basement - laundry.
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Our Executive Mortgage Banker:
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$7,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $6,000,000 | $6,000,000 | $6,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,492 | $37,924 | $51,445 |
Total Monthly Payment | $35,617 | $38,049 | $51,570 |
* 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.