Welcome to 201 West Houston St. , an exceptional 3-family townhouse located in the heart of Hudson Square, presenting a unique investment opportunity in the vibrant landscape of New York City. This historic street in downtown Manhattan is at the crossroads of Soho, West Village, Greenwich Village & TriBeCa, close to the best restaurants, shopping and so much more.
Spanning across multiple floors, this property presents the exciting prospect of transforming the incredible space into three distinct rental units or transfiguring it into a magnificent single family architectural masterpiece, providing multiple options to cater to various investment strategies. The possibilities are endless, whether you envision a series of modern apartments, keeping one as an owners suite and rent out the other two for an income producing property or transform it into your dream luxurious single-family residence exuding sophistication and style.
The space consists of a first floor duplex with a private entrance downstairs, as well as a beautiful private backyard which receives a ton of natural sunlight, and is accessible from the parlor level and ground floor. There are an additional two - 2 bedroom apartments on floors three and four both encompassing large windows, original fireplaces, large closets, & high ceilings. Feel the natural light streaming through the oversized windows facing North and South. West Houston st. is a double wide street, which allows even more light into this building allowing a warm feeling throughout the home.
Investors will appreciate the opportunity to undertake a comprehensive gut renovation, while keeping some of the original details such as the exposed brick, fireplaces & original Mantelpieces, while allowing for the enhancement of the property's value. With the potential to customize each unit to meet the demands of tenants or homeowners, this property offers a unique chance to craft spaces tailored to modern lifestyles.
Beyond its investment potential, 201 West Houston St. is a prime location offering so many conveniences. Just a few minutes from Broadway-Lafayette Subway Station, residents can easily access multiple subway lines including 4, 5, 6, F, D, M, and B, facilitating seamless travel throughout the city. Additionally, the property is a mere two minutes away from the 1, 2, and 3 subway lines, further enhancing accessibility to the best destinations across New York City.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,000,000
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 | $3,200,000 | $3,200,000 | $3,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $2,159 | $2,159 | $2,159 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,919 | $19,444 | $26,359 |
Total Monthly Payment | $20,203 | $21,728 | $28,643 |
* 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.