13 West 116th Street, #8B, New York (East Harlem), NY, 10026 | $1,634,000

INVESTMENT UNIT. LEASED UNTIL 2/20/2026. CAP RATE 2. 3%. Amazing Price. Act Fast. Brand new north-facing 3 BdRm 2 bath condominium residence with terrace at the PATAGONIA, a ground up 12 story development just now completed in Central Harlem! City views. Large windows. Wide plank white oak floors. Full-sized vented LG washer/dryer. Central HVAC. 1291 SqFt (120 m2) Interior 144 SqFt (13 m2).

Living /Dining Room.

Open kitchen features Calacatta marble counter-tops and Rocchetta backsplashes. GE, Whirlpool, and Kitchen-Aid appliances.

Bathroom appointed in Mosaic and porcelain tile, with Mountain Carrara quartz vanity and textured wood cabinets.

Designed by Aufgang Architects and built in 2023 by Press Builders, the PATAGONIA is located only 6 blocks from Central Park, just north of the historic district within close proximity to Columbia University, Marcus Garvey Park, Morningside Park, East River Plaza Mall and a wide array of restaurants and shops. Food Bazaar, Lidl Grocery Store, Lincoln Market, and Whole Foods are all nearby with Trader Joes and Target expected to open this year at the Urban League Empowerment Center.

The PATAGONIA is ideally situated within a cultural hot spot of museums, galleries, and entertainment options, including the live music venues and late-night lounges which showcase Harlem's vibrant nightlife scene.

Convenient to transportation with easy access to 2, 3, 4, 5 & 6 subway lines and buses 102, M7 and the 116th Street Crosstown.

Part-time concierge and virtual doorman services combine optimum functionality with state-of-the-art technology and security.

Amenities include: Southwest common corner roof terrace with gas grill, naturally lit fully equipped gym, playroom, bike room, package room, and stroller storage. Pets allowed.

Please contact us today for a showing!

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD21-0219. The artist and computer renderings, photographs, interior decorations finishes, fixtures, appliances and furnishings are provided for illustrative purposes. Sponsor makes no representation warranties except as may be set forth in the Offering Plan. Equal Housing Opportunity.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 12
  • Amenities: Bike Room; Fitness Room; Nursery; Roof Deck; Private Storage For Fee;
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 2 full
  • Complex: Patagonia, The
  • Year Built: 2022
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Washer/Dryer Hookups: Yes
  • Balcony: Yes
  • Terrace : Yes
  • Building Access : Elevator
  • Service Level: Virtual Doorman
  • OLR#: RPLU5122642510
  • Days on Market: 487 days
  • Website: https://www.raveis.com
    /prop/RPLU5122642510/13west116thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate - Park Plaza

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

13 West 116th Street, #8B, New York (East Harlem), NY, 10026

$1,634,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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
Loan Amount $1,307,200 $1,307,200 $1,307,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.723% 6.284%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,733 $8,370 $11,119
Total Monthly Payment $7,858 $8,495 $11,244

* 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.