We are happy to present the exclusive sale of 114 West 71st street, a Ten (10) unit mixed-use investment property located at 114 West 71st street in New York, New York (the "Property"). The Property is located in a historical district at the Lincoln Square neighborhood of Upper West Side Manhattan and consists of a four-story brick building that contains one (1) office unit that can be divided to two separate offices on the ground floor, one (1) studio five (5) 1-Bedroom/1- Bathroom and two (2) 2 bedroom residential units on the first to the fourth floors, all units are in a 8, 446 square foot building on a 0. 043-acre parcel. This unique opportunity is ideal for an investor looking to add value to the Property for great returns, or an end-user that want to benefit using the office space for his business and live one of the beautiful residential units. The Property is situated in an incredible urban infill location in the Lincoln Square neighborhood of Upper West Side Manhattan. 114 West 71st is positioned on the South of 71 Street in between Columbus Avenue Broadway. The Property enjoys convenient access to the MTA bus lines and several subway stations close by, the Metropolitan opera house and Center for performing arts, and the city's Neufeld playground. The Property is 0. 2-miles from Central Park, basically one block away from Central Park.
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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** | 5.500% | 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 | $27,254 | $29,946 | $40,182 |
Total Monthly Payment | $27,379 | $30,071 | $40,307 |
* 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.