Newly Gut-Renovated Townhouse Offered 15% Below Replacement Cost26 West 87 is a contemporary mint-condition townhouse, originally built in 1881 in the Renaissance Revival style. This modern mansion underwent a meticulous 2-year gut-renovation, finished in 2019. At one time it was the home of jazz legend Billie Holiday. Spanning approximately 7, 750 interior square feet (including 1, 250 below grade), this 20'- wide townhouse has 6 bedrooms, 6 full bathrooms and 2 powder rooms along with 2 sunny outdoor spaces measuring approximately 640 square feet. Enjoy bright rooms with grand proportions, glistening light, and soaring ceiling heights up to 12 feet. 9 fireplaces, a screening room with full kitchen and bar, wine cellar, mud room and large skylight at top of staircase. The townhouse is designed to showcase a private art collection. PARLOR FLOOREnter this luxurious home via the L-shaped box stoop. The grand mahogany doors welcome you, and digital entry makes for easy access coming home. The foyer showcases detailed paneling, a chandelier, and herringbone oak floors. Continuing through the foyer into the home reveals an exceptional living room. The 12-foot carved plaster ceiling and stately fireplace mantle adorn this remarkable room. A Private office is situated off of living area. The state of the art kitchen has every modern amenity including SubZero refrigerator/freezer, a Bertazzoni six-burner gas range, 2 Fisher and Paykel dishwashers, 2 sinks, marble countertops, subway tile backsplash, wine refrigerator, full wet bar and powder room. Additionally, the kitchen can be separated via pocket doors. The formal dining room has grand proportions, expansive windows, ornate millwork on the ceiling, and is ideal to host intimate gatherings or larger events. THIRD FLOORThis level is designed as a private, luxurious primary suite. Measuring over 1, 200 square feet, it is a romantic, sophisticated and functional space to relax and recharge. The primary bedroom enjoys ornate details, a picturesque window, an elegant fireplace, and a large dressing room. A spacious marble bathroom offers radiant heat, a deep soaking tub, dual sinks and a spa shower. Completing the level is a private library with a fireplace, herringbone floors, and large windows. FOURTH FLOORSplit bedrooms are spacious and bright. The first bedroom is elegantly crafted with beautiful fireplace, expansive windows, full desk area, generous closet space, full ensuite bathroom and balcony. The second bedroom features an elegant fireplace, king sized bed, seating area plus desk area and full ensuite bathroom. FIFTH FLOORTwo more generously sized bedrooms are bright and spacious. One bedroom is presently configured as a private office for all work from home needs. Room features beautifully detailed ceiling, 3 large windows and full bathroom with elegant shower and dual sinks. Additional bedroom is bright featuring an elegant fireplace, beautiful seating area by windows, 3 large closets and full bathroom. GARDEN FLOOREnter the mud room via the private secondary entrance. This space is designed for fun and entertainment. The inviting media room boasts wallpaper designed by Lenny Kravitz and is complimented with a second full kitchen. A more intimate office area sits off of the media room and provides access to garden. The windowed garden floor bedroom suite offers windows, an ensuite bathroom with heated floors, a rain shower, and herringbone tiling. The lush garden offers a tranquil space, curated with sound system, a BBQ area, and irrigated plantings. FINISHED BASEMENTThe spacious cellar layout is perfect as a playroom area or available for more storage space. The cellar features a temperature controlled wine room, additional storage room, and laundry room with sink.
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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 | $9,360,000 | $9,360,000 | $9,360,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $53,881 | $59,162 | $78,985 |
Total Monthly Payment | $54,006 | $59,287 | $79,110 |
* 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.