68 South Portland Avenue presents a rare opportunity to own an exceptional property that combines historic charm with modern luxury. Constructed between 1850 and 1851, this distinguished Italianate brick two-family home has not been available on the market for 52 years, marking it as a unique find for discerning buyers.
Located on what is often hailed as the finest block in New York City, this home holds a special place in architectural history. Charles Lockwood, in his seminal work "Bricks and Brownstones: The New York Rowhouse 1783-1929, " extols South Portland Avenue, adjacent to Fort Greene Park, as one of the city's few blocks predominantly lined with Italianate and Second Empire-style brownstone facades in their original condition. Additionally, Time Out Magazine recognized this illustrious street as the best block in New York City in their October 12-18, 2006 issue.
The property features an owner's upper triplex and a charming garden rental unit. The triplex boasts 4. 5 bedrooms, 2. 5 bathrooms, 3 skylights, 7 marble mantels, floor-to-ceiling windows, a parlor with soaring 10-foot ceilings, an expansive living and dining area, and a large, sunlit eat-in kitchen overlooking a picturesque garden. The kitchen opens onto a deck, perfect for entertaining, with views of a mature, verdant garden highlighted by a Japanese Maple tree. The triplex is bathed in natural light, with generously proportioned rooms and six original marble mantels, retaining its historic elegance while offering modern comforts. The home is in good condition, allowing the new owner to move in immediately or undertake renovations to tailor it to their taste.
With its private entrance, the garden unit features an eat-in kitchen, direct access to the lush garden, original oak floors, and a spacious bedroom, providing a cozy yet sophisticated living space. The basement is well-maintained and dry and has a ceiling height of 6 feet 6 inches.
Situated just half a block from Fort Greene Park, 68 South Portland Avenue is within walking or biking distance of premier dining establishments, cultural venues like BAM, and the Barclays Center. This property is a singular opportunity for buyers seeking to own a piece of New York City's storied past in one of its most coveted neighborhoods. Showings are available by private appointment only.
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William Raveis Mortgage, LLC
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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 | $3,160,000 | $3,160,000 | $3,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,942 | $19,714 | $26,453 |
Total Monthly Payment | $18,067 | $19,839 | $26,578 |
* 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.