Back on the market - Better then a CONDO
Immerse yourself in the quintessence of Harlem's rich history and contemporary luxury at 108 W 131st St. This exquisitely renovated two-family brownstone marries the architectural elegance of the Harlem Renaissance with modern sophistication, presenting an unparalleled investment opportunity or a dream home for those seeking a cultured Manhattan lifestyle.
Luxurious Living with Investment Savvy: Ideal for forward-thinking investors or dynamic resident owners, this property offers a unique dual opportunity. Live in one of the stunning units while the other generates significant rental income, offsetting your mortgage and expenses. Alternatively, harness the full potential of this investment by renting out both units for maximum return, enjoying the benefits of a high-capacity rate in a sought-after neighborhood.
Garden Triplex - Your Urban Sanctuary: Step into the expansive Garden Triplex that spans refined interiors and extends into a private garden. This serene retreat features a chef's kitchen that overlooks your lush outdoor space, perfect for al fresco dining and entertainment. The lower level boasts a flexible recreation room, tailored for everything from a home gym to a private studio, enhancing the living space with both luxury and practicality.
Penthouse Triplex - Sky-High Elegance: Ascend to the Penthouse Triplex, where luxury meets loftiness. Revel in the breathtaking city views from your exclusive rooftop terrace, equipped with modern amenities for the ultimate entertainment space. Inside, high ceilings and oversized windows illuminate a meticulously designed interior that includes a floating staircase and original stone fireplaces, blending historic charm with contemporary flair.
Exquisite Details and Finishes: Each unit showcases impeccable finishes like reclaimed oak floors in the garden unit and Brazilian cherry hardwood floors in the penthouse, heated tile floors in penthouse bathrooms, and custom cabinetry, coupled with high-tech smart home features. Historical details are preserved in the majestic facade and interior moldings, ensuring each corner of the residence reflects both its heritage and luxury status.
Vibrant Harlem Living: Nestled in a landmark district undergoing a dynamic development renaissance, this property places you in the heart of Harlem's cultural explosion. Surrounded by new upscale developments, historic jazz clubs, trendy eateries, and cultural institutions like the Apollo Theater and the Studio Museum, residents are immersed in a neighborhood that celebrates its rich heritage while embracing a future of limitless potential. The area's ongoing transformation makes it an ever more enticing option for cultural enthusiasts and savvy investors alike.
Strategically Located for Ultimate Convenience: Positioned within walking distance to major transit options, residents enjoy effortless access to the wider city, enhancing both lifestyle and investment value.
Conversion Potential for Added Value: With the legal ability to convert into two separate condominiums, savvy investors have the opportunity to further capitalize on their investment, enhancing flexibility and potential resale value.
Discover 108 W 131st St-a perfect blend of historical charm and modern luxury, offering both financial savvy and a luxurious lifestyle in the heart of one of New York's most vibrant neighborhoods. Whether you're looking to capitalize on Harlem's growth or seeking a stunning space to call home, this brownstone is a true Harlem gem.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,750,000
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 | $2,200,000 | $2,200,000 | $2,200,000 |
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 | $1,593 | $1,593 | $1,593 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,491 | $13,725 | $18,417 |
Total Monthly Payment | $14,209 | $15,443 | $20,135 |
* 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.