Located in the historic landmark of historic Hamilton Heights, this 18-foot-wide, 70-foot-deep, modern two-family row house sits on one of Harlem's prime blocks.
The ground floor presents a two-bedroom, floor-through apartment, encompassing a home office, living room, open kitchen, dining area, and in-unit washer & dryer. Accentuated with 2 patios, it was last leased at an impressive $3, 750/month and is currently vacant. The owner-occupied triplex above boasts a large living room, open-concept kitchen, dining space, a covered rear deck with backyard access, a full floor for recreation, three bedrooms, 2. 5 bathrooms, laundry, and stairs leading to a rooftop deck.
The entire townhouse is currently being delivered vacant until the ground floor apartment is re-rented, offering immediate occupancy for a new owner or tenant. The property boasts central air conditioning, radiant heat, hardwood floors, and recessed lighting, with exposed brick featured prominently in the owner's triplex.
Zoning includes a C1-4 commercial overlay, which allows for certain retail and service businesses on the ground floor, enhancing the property's potential for mixed-use. This overlay provides flexibility for neighborhood retail, such as small shops and restaurants, contributing to the vibrant, local atmosphere. According to city zoning guidelines, the C1-4 designation helps integrate commercial activity into primarily residential areas, making it ideal for businesses that serve the surrounding community.
Location is everything! Situated across from CUNY and just around the corner from a vibrant selection of restaurants, delis, cafes, pubs, as well as essential services on Amsterdam Ave. Broadway offers an array of more restaurants, shops & services, as well as the #1 train. One subway stop from the Columbia University campus. A short distance from St Nicholas Park, Jackie Robinson Park, Riverbank State Park, and NY Sports Club. The southbound M100 and M101 buses on Amsterdam Ave turn east on W125 St, making stops for the A, B, C, D, 2, 3, 4, 5, and 6 trains, as well as Metro-North, providing access to the Harlem Whole Foods, Trader Joe's, Wonder and more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,800,000
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 | $2,240,000 | $2,240,000 | $2,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,250 | $14,343 | $19,054 |
Total Monthly Payment | $13,375 | $14,468 | $19,179 |
* 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.