114 West 71st Street, New York (Upper West Side), NY, 10023 | $6,000,000

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.

Features

  • Town: New York
  • Levels: 5
  • Cooling: Unknown Type
  • Laundry: None
  • Year Built: 1910
  • Pet Policy: Case By Case
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • Built Size: 19'x100'4"
  • OLR#: RPLU33422909455
  • Days on Market: 238 days
  • Website: https://www.raveis.com
    /prop/RPLU33422909455/114west71ststreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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114 West 71st Street, New York (Upper West Side), NY, 10023

$6,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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.