Sprawling legal three-family under construction with approved plans to build an exquisite and majestic single-family townhouse (with elevator) on one of the most upscale and exclusive Manhattan blocks: 63rd Street between Park and Madison Avenue.
The financially qualified-buyer has the ultimate opportunity: to unlock her or his most inspiring vision and actualize a home you have always craved and needed. With the current team of townhouse experts, particularly the general contractor and architect, the structural possibilities are plentiful.
The present legal configuration offers three residential units.
The approved plans, currently in its nascent stages of construction, offers one level below ground and six levels above ground that include:
- Cellar: sidewalk vault, water service and pumps, sauna room, powder room, two storage areas, elevator machine room, DH closet, IT closet, workshop room, and mechanical room.
- Ground floor: two entrances with one entrance leading to the vestibule, and the other entrance leading to an accessory office. Grand foyer, powder room, walk-in closet, kitchen, and spacious breakfast nook.
- First floor: living room, dining room with wood-burning fireplace and kitchen.
- Second floor: master bedroom with wood-burning fireplace and ensuite master bathroom, and additional spacious bedroom with ensuite full bathroom.
- Third floor: Junior suite with wood-burning fireplace and ensuite bathroom, and additional spacious bedroom with ensuite bathroom and large dressing area.
- Fourth Floor: Either a library or another bedroom with ensuite bathroom, family room with wood-burning fireplace and direct access to a spacious terrace.
- Penthouse: Two enclosed outdoor recreational spaces, an open terrace, and a penthouse suite with skylight and kitchenette.
All approved drawings and plans can be emailed, so please reach out for existing plans and the approved proposed plans. Since construction is in its early stages, you are welcome to offer your own design should you require a two-family or other legal configuration of your need and choosing. The sale price includes all construction costs for the approved plans. You are welcome to purchase the property and use your own contractor and personnel should you prefer. Or, you may move forward with the existing construction team. The massive flexibility is unparalleled.
You are truly purchasing a one-of-a-kind property.
Lot size is 20 ft X 100. 42 ft with 8, 028 usable square feet.
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Our Executive Mortgage Banker:
Our Insurance Division:
$25,000,000
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 | $20,000,000 | $20,000,000 | $20,000,000 |
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 | $7,182 | $7,182 | $7,182 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $113,558 | $124,774 | $167,424 |
Total Monthly Payment | $120,865 | $132,081 | $174,731 |
* 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.