Stunning & Spacious 20' x100'-Foot Wide Brownstone located at 346 West 87 Street on the Upper West Side. Quiet tree-lined Riverside Park block. Landmark District. 346 West is a multi-family Brownstone with excellent income or an amazing opportunity to convert to a single family home! This building is a special opportunity and a must see for its one of a kind, original decorative features: extra high ceilings, art deco ceiling on the parlor floor, 8 decorative fireplaces, a gorgeous bay window, terrace and original wood and decorative moldings that add character to the rooms and staircase. Total of 9 units made up of 6 market rate rentals with no rent restrictions and ideal income producers plus 3 rent stabilized units delivered vacant. The owner's units consist of the ground floor and rear 1st floor apartments with private backyard garden access.
Conveniently located on the Upper West Side. Easy access to Subway and Bus stops, popular restaurants, food shopping and movie theater!
Note: Some photos have been virtually staged
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $4,760,000 | $4,760,000 | $4,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,778 | $30,086 | $40,168 |
Total Monthly Payment | $27,903 | $30,211 | $40,293 |
* 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.