Configured as a 5-unit multi-family income producing building, this Central Park home can also be reconfigured as a grand 7-story single-family home with DOB approved plans that includes six bedrooms, a garden roof deck, finished spa basement with pool, and a rear wall of glass. (See renderings for Living Room, Kitchen, and Spa Floor).
Built circa 1892 by the well-regarded architect, Gilbert A. Schellenger, 23 West 69th Street is a grand, 20' wide multi-residential townhome on Manhattan's Upper West Side. Superbly located on a Central Park block near Sheep's Meadow and Tavern on the Green, it's prime location within the Upper West Side-Central Park West Historic District. It is also uniquely positioned amidst the cultural epicenter of the city, a few blocks from Lincoln Center, The Met Opera, Juilliard, LaGuardia High School for the Performing Arts, Fordham University, Columbus Circle including Jazz at Lincoln Center and all the best of the Upper West Side. The superb location is quiet and picturesque, and surrounded by beautiful townhomes and architecturally elegant, prewar apartment buildings on one of the prettiest tree-lined blocks in the city. Built in the Renaissance Revival style, this classic townhome's scale is showcased by its 20' width, 6, 500 square feet, and 5 stories + cellar.
In its current configuration, distinct features include private outdoor space associated with three of the five apartments, five decorative fireplaces, and a commercial-grade elevator. Surrounded by low landmark-protected townhouses, the home is filled with abundant natural light.
As a rental property, the house has a strong rent roll and low vacancy rate with its prime location. Alternatively, it can be reconfigured as a live/work home, or a large owner's home with income-producing units. With a lovely, tranquil, and picturesque prime location, five well-proportioned and desirable duplex, and triplex apartments, this is an incredible opportunity.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,400,000 | $7,400,000 | $7,400,000 |
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 | $43,774 | $47,383 | $62,946 |
Total Monthly Payment | $43,899 | $47,508 | $63,071 |
* 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.