Bring your architect to this rarely available park-facing 20-foot townhouse full of original detail and ready for a 21st century renewal. Every window in the Italianate style facade enjoys sunlit south views onto the 20-acre Mount Morris Park. With its recently restored facade and interior full of original detail, no. 7 is a unique combination of well-preserved history and untapped development potential directly off Fifth Avenue. The Parlor floor is perfect for entertaining with 11'4" ceiling heights and grandly proportioned living and formal dining rooms. Original details abound- from the grand plasterwork, wooden shutters and intricately carved window surrounds, marble mantlepieces, and three enormous period mirrors. The Garden floor features a front-facing bedroom, two interior rooms, full bathroom, and large eat-in-kitchen. A charming sunroom opens to exceptionally deep garden, running nearly 42' to the rear of the property. Third and Fourth Floors retain their classic layout of front and rear bedrooms, each with original mantlepieces and connecting WICs. Adjacent to both Fourth Floor bedrooms are windowed rooms perfect for use as a home office, nursery, or luxurious dressing room. Currently configured as a spacious single family townhouse, the property comes with a multiple dwelling ‘garden apartments’ building class designation. With over 6, 000 square feet of total potential usable floor area, we recommend that any interested purchases carry out a zoning review to assess expansion or other development potential. The property is being sold in as-is estate condition. The Parlor, Third and Fourth floors are currently unused, and require renovation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,475,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,980,000 | $1,980,000 | $1,980,000 |
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 | $11,712 | $12,678 | $16,842 |
Total Monthly Payment | $11,837 | $12,803 | $16,967 |
* 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.