This Mount Morris Park Historic District gem built in 1909 is loaded with preserved original details including nine fireplaces, 3 clawfoot tubs, wood floors, crown molding, ceiling medallions, wainscoting and beautifully detailed banisters and stairwells. At 20' wide and approximately 6500 square feet, each floor is about 1300 square feet with a multitude of design options. The parlor level has almost 12' ceilings and the upper floors between 9' and 10'
The current configurations is a 2 family with 8 bedrooms and 5 full bathrooms. The ground floor has a living room, full bath with clawfoot tub, laundry room, and an enormous chefs kitchen leading to the backyard. The Parlor floor consists of a library, center hall with grand staircase, living/dining room and a large unfinished full bathroom. Floors 3 and 4 each have 2 two very large bedrooms with vast walk-in closets/dressing rooms and an expansive full bathroom. The third floor has a washer/dryer hookup and the fourth floor has an additional bedroom. The top floor is currently set up as the second unit (without a separate entrance). It consists of a living room, kitchen, full bath w/clawfoot, 2 small bedrooms and one large bedroom. There are skylights over the stairwell and bathroom plus charming arched windows in the front facing living room. The roughly 9' x 14' extension extends to the 4th floor leaving a potential deck opportunity on the 5th floor. 6 West 121 is on the south side of the block with north and south exposures. It is situated just a half block to Marcus Garvey Park and a half block to a charming section of Lenox Avenue lined with small privately owned businesses and restaurants. The Mount Morris Park Historic District is a stunning section of Harlem with wide brownstones and tree-lined streets. Lenox Avenue is lined with conveniences from Whole Foods to Trader Joe's (opening in August), dry cleaners, CVS, a wonderful selection of privately owned restaurants and boutiques, the 2/3 express train, M60 to LaGuardia and much more!
Mount Morris Park Historic District Homes qualify for The historic homeownership rehabilitation credit, equal to 20% of your qualified rehabilitation expenditures. not to exceed $50, 000 per taxpayer per year. Spouses are eligible to claim up to $50, 000 credit each.
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William Raveis Mortgage, LLC
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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 | $2,680,000 | $2,680,000 | $2,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,007 | $16,501 | $22,255 |
Total Monthly Payment | $15,132 | $16,626 | $22,380 |
* 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.