20-22 Bank Street is a once-in-a-lifetime opportunity to combine two adjacent townhouses on one of the most picturesque blocks of the West Village - Bank Street between Waverly and West 4th Streets. The 10 matching houses on this street (where Alexander Hamilton's Bank of New York once stood) feature a continuous cornice line, original ironwork, and identical high stoops, which all serve to unify the row, making this block one of the most attractive streetscapes in all of Manhattan.
22 Bank Street is a single-family townhouse with a triple mint renovation, including an elevator.
Next door, 20 Bank Street is currently set up as a two-family home and retains many original historic details.
The combination of these fine homes would create a 40-foot wide, four-story townhouse with large front and rear yards. Both homes have 11' ceiling heights on the parlor floor, and 9' ceiling heights on the third and fourth floors. Once combined, the interior would span over 7, 600 square feet. Exterior square footage would span nearly 2, 000 square feet including the front yard, the secluded rear garden (it alone is approximately 1, 000 square feet), and the combined terraces looking over the garden. There would be multiple original fireplaces on each floor.
This property is co-listed with Henry Hershkowitz at Compass.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $23,800,000 | $23,800,000 | $23,800,000 |
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 | $7,897 | $7,897 | $7,897 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $135,134 | $148,481 | $199,234 |
Total Monthly Payment | $143,156 | $156,503 | $207,256 |
* 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.