Rare investment opportunity in one of the most sought-after neighborhoods in NYC! This is a 4-floor red brick boutique rental building with eight rental units, two per floor. Most of the units have been recently renovated. The back apartments are corner units and have two exposures. The ceiling height ranges between 8’ - 12’, all units have hardwood floors, and many have exposed brick. It is located on Jane Street in the heart of the West Village, between Hudson Street and 8th Ave, steps away from the Meatpacking District, The Highline, Little Island, Chelsea Market, The Whitney Museum of American Art, bars, Michelin Star restaurants, and more. First floor: Studio / free market unit 1BR/1BA with a large private garden / free market unit Second floor: 1BR/1BA / free market unit 1BR/1BA / free market unit Third floor: 1BR/1BA / free marker unit 1BR/1BA / free market unit Fourth floor: 1BR/1BA / rent stabilized 1BR/1BA / rent stabilized
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
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 | $4,800,000 | $4,800,000 | $4,800,000 |
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 | $5,013 | $5,013 | $5,013 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,879 | $29,554 | $39,860 |
Total Monthly Payment | $32,017 | $34,692 | $44,998 |
* 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.