Back on the market!
Rarely does a property of this distinction and unique footprint come to market; a historic Greek Revival Townhouse, with a 3-Story Private Guest House, in the heart of Greenwich Village. Charles Lockwood, in his classic "Bricks and Brownstones" describes the setting of 38 west 11th street as "The row of Greek Revival dwellings on the south side of West 11th Street between Fifth and Sixth Avenues as one of the finest early 19th Century Streetscapes in the area". This location, often referred to as " the Gold Coast" offers the opportunity to create a home of extraordinary proportions, incorporating two distinct buildings situated on the most sought-after street in Greenwich Village----a classic townhouse with a separate three-story guest house. Both buildings are 22 feet wide on a 94-foot lot.
As a Greek revival townhouse, the proportions are graceful and elegant, retaining architectural details of the 19th century such as high ceilings and fireplaces. The main house is connected to the guest house by two galleries creating a picturesque secret garden--- an urban oasis in the heart of the city, with the ambiance of an inner courtyard in Provence. Both the parlor floor and the gallery have French doors opening out to two separate, sunny balconies for garden viewing. The guest house, although connected on two floors to the main house, is its own entity with three floors overlooking the garden, and the feel of a country cottage with a fireplace in the main room There is garden access from several levels of the house. The easily accessible roofs offer the possibility of excellent roof gardens with views of the entire property. Once divided into four apartments, the property is now " a white box" or a "blank canvas" where the new owner can clearly view the many possibilities that may suite their individual life style. This remarkable property awaits the vision of a new owner to create one of New York's most celebrated residence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$12,950,000
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 | $10,360,000 | $10,360,000 | $10,360,000 |
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 | $61,283 | $66,336 | $88,125 |
Total Monthly Payment | $61,408 | $66,461 | $88,250 |
* 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.