111 West 132nd Street Owner says sell! Significant price adjustment - now $1, 545, 000, delivered vacant! The current price is $655, 000 below the original ask. Contact Harlem Lofts Inc for your private showing! This lovely Queen Anne townhouse has a storied history. In the early part of the 20th Century it was the clubhouse for The Frogs, one of the first professional organizations for Black theater professionals. Subsequently, (and per the current Certificate of Occupancy) it has been used as a Church (plus Two Class A Apartments). The new Owner will have a straightforward roadmap for conversion to a Residential (1 or 2 Family) or Rental Investment (3+ Family) Certificate of Occupancy in an ideal location on a leafy street in Upper Manhattan. Built in 1886 by renowned architects Cleverdon and Putzel, this gorgeous limestone and slate townhouse is located in one of the most sought-after Historic Districts in Central Harlem. The boiler and hot water heater are both brand new. There is a Community Garden across the street in front, and a Church in back, both between 70 and 90 feet wide, and so the house benefits from unobstructed light all day long. This lovely property is just a few steps from Harlem’s Restaurant Row and shopping and entertainment on 125th Street, and it is also conveniently close to transportation options including the 2/3 and B/C subway lines and the M2, M7 and M102 bus lines. For recreation, the house is just a short walk from St. Nicholas Park and Mount Morris Park. This is a wonderful opportunity for an investor, with minimal risk and maximum potential. Contact Harlem Lofts today for additional details and your private tour!
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$1,545,000
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 | $1,236,000 | $1,236,000 | $1,236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.697% | 6.597% | 6.158% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,213 | $7,812 | $10,430 |
Total Monthly Payment | $7,338 | $7,937 | $10,555 |
* 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.