Situated on 116th Street, this exceptional property presents a unique opportunity in the heart of East Harlem, well-known for its prime location. Zoned for both professional and rental use, the potential here is virtually limitless. The townhouse boasts dimensions of 17. 5 feet in width and 63 feet in length, with a generously sized lot extending up to 100 feet. The property comprises an estimated 4, 000 square feet of living space, further complemented by an additional 875 square feet in the basement and an inviting 650 square feet of exterior space. Upon entering the private first-floor entrance, you'll find two bedrooms, full bathrooms, and a spacious gallery area. The second floor hosts a well-appointed kitchen, a dining room, and a welcoming living room. The third floor houses two bedrooms and an office space complete with a full bathroom, while the fourth floor encompasses a bedroom, a living room, a kitchen, and a bathroom. Notably, the property also boasts a basement level with a separate entrance. This is an opportune moment to explore the vibrant Harlem real estate market, with numerous shops, restaurants, and stores nearby and the anticipated arrival of the Q line. The convenience of being near the Costco shopping center and the renowned Rao restaurant further enhances the appeal of this property. Don't let this chance slip by; bring your architect to uncover the full potential of this rare gem in East Harlem.
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William Raveis Real Estate
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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 | $1,279,200 | $1,279,200 | $1,279,200 |
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 | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $1,314 | $1,314 | $1,314 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,163 | $7,773 | $10,537 |
Total Monthly Payment | $8,602 | $9,212 | $11,976 |
* 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.