Presented byTara Franklin |
141-143 East 63rd Street is a new townhouse offering in the heart of the Upper East Side, ready for its new owner to finish out the renovation where much of the "heavy lift" has been completed. Two twin townhouses were combined to create a 25' wide mansion, with plans designed and executed by the acclaimed architecture firm DHD. The home, under the current plan, will accommodate up to eight bedrooms, eight baths, and two half baths. All of the floors have been releveled, excavation complete, beams installed, and windows installed, and the new owner has the choice of finishes to complete the home, which the construction team estimates will take approximately 1 year. Located in the heart of the Upper East Side, across from the Barbizon building and near transportation and world-class shopping, the location of this home is ideal for conveniences and lifestyle. Ground level: Excavated down to create room for ceiling height, the floor holds a home theater, full-size laundry room, full bath, and additional storage space. Garden floor: Under the stoop, which will be rebuilt, will be another entryway with storage and an office. There is a full bath as well as powder room for guests. Towards the rear of the home is an enormous open kitchen, with sliding glass doors extending out onto a patio/garden with room for an in-ground heated pool. Parlor floor: This level has a grand living room with gas fireplace and a large dining room, complete with butler's pantry and powder room. Off of the rear is a large terrace overlooking the garden. Third floor: Because of the width of the home, there is room for four bedrooms on this floor, with three full baths. The southern bedrooms enjoy the characteristic bay windows of the home, and one has a fireplace. Fourth floor: Occupying the entire floor is the primary suite, with an enormous dressing room, double bath, storage, and a home office or additional bedroom. Fifth Floor: The top floor has another lounge with wet bar and two bedrooms (one thought to potentially be a gym), with another south-facing terrace and an outdoor gas fireplace. Rooftop: Not built yet, the plans call for a rooftop to be finished out as a terrace.
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William Raveis Real Estate
Phone: 978.618.9314
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William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,800,000 | $7,800,000 | $7,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $7,771 | $7,771 | $7,771 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,765 | $50,591 | $67,946 |
Total Monthly Payment | $54,661 | $58,487 | $75,842 |
* 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.