Discover the potential of this four-story brick townhouse located at 106 West 81st Street in the heart of Manhattan's Upper West Side. This property is a blank slate, delivered VACANT and ready for your vision to transform it into a luxury single-family home, a new development condo conversion, or a multi-unit investment property with ground floor retail space. The Garden Floor features a fenced-in front patio, an open concept room with a wood burning fireplace, and a kitchen in the rear extension with a gas stove. Enjoy direct access to a private rear courtyard from this floor. The Garden Floor also has a commercial overlay, which means unlimited flexibility-- would you like it to be an Artists Studio? A wine bar? A high end boutique? Whatever you can dream up, you can do. The Parlor Floor currently is set up with a spacious living room, a central laundry area, and a rear bedroom with an ensuite bath. Although mostly bereft of original detail, original window moldings and 11'11" ceilings add historic charm to this floor. On the Third Floor, you'll find three bedrooms and one full bathroom with 9'6" ceilings, providing a comfortable and airy environment. The Fourth Floor mirrors the Third with an almost identical layout, roof access via ladder and hatch, and a skylight in the full bathroom. Situated in the most desirable location on the Upper West Side, this unusual property is priced to sell and will be delivered fully vacant, offering both end users and investors an unparalleled blend of cultural richness, convenience, and urban living. Enjoy immediate proximity to Central Park, the Museum of Natural History, and vibrant dining and shopping options. Experience the best of New York City living in a lively neighborhood that truly has it all. Current ownership has tax exempt status, buyers must verify non-exempt taxes separately. Contact us today for a full set-up sheet and to explore the endless possibilities that 106 West 81st Street has to offer. Please note: some listing photos have been virtually staged for illustration purposes.
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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 | $3,000,000 | $3,000,000 | $3,000,000 |
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 | $16,799 | $18,472 | $24,912 |
Total Monthly Payment | $16,924 | $18,597 | $25,037 |
* 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.