Owner says sell! Please contact us for your private tour!474 West 145th Street is a gorgeous limestone mixed-use townhouse, fully renovated, priced to sell and offering exceptional turn-key return on investment from day one in the Hamilton Heights commercial corridor. This lovely property has Commercial (currently salon) space on the Ground and Basement floors plus an Office on the First floor, and a stunning Duplex residential apartment on the Upper two stories, for a total of 4, 800 square feet of useable space. The entire building is Free Market, is in outstanding condition, and is delivered vacant. The First floor has some flexibility in terms of use - could easily be converted to Residential, to give two Residential units over a Commercial Duplex. The Residential space and Office feature open concept layouts with new appliances and fixtures, high ceilings, large windows, great storage space, and wonderful light all day long. The commercial space is in turn-key condition and the property is located on a busy street in the heart of Hamilton Heights. This lovely house is a short 10-minute walk to City College, and is in close proximity to the Dance Theatre of Harlem, Jackie Robinson Park, The Hudson River Greenway, The Ten Mile River Playground, and the Harlem River Drive. Shopping, restaurants, cafes and bars are all just a short stroll away. The A/B/C/D-line subways at 145th Street are right around the corner, and the M3, M100 and M101 buses are all within a short walk of the house. This property is priced to sell and is excellent value for an Investor or Owner Landlord. It is poised to generate an excellent return on investment while equity accumulates. Contact Harlem Lofts Inc today for your private showing!
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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 | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.597% | 6.158% |
Monthly Tax Payment | $870 | $870 | $870 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,441 | $10,088 | $13,468 |
Total Monthly Payment | $10,436 | $11,083 | $14,463 |
* 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.