BACK ON THE MARKET One of a kind legal 4-family townhouse right on Mount Morris Park! Nestled on the most desirable tree-lined streets in Historic Mount Morris District, this 8-bedroom, 6-bathroom home spans 25’ wide, rises 5 floors and boasts an expansive backyard with the access from the owner’s triplex. This is a perfect combination of a modern touch and history. Designed by Charles Baxter and built by John Smith, this townhouse has been beautifully restored and maintained over the last century. Attention to details is immaculate: dynamic molding, medallions and original hardwood flooring, marble and wooden fireplaces, pocket doors, shutters and hardware that are still intact and have been well preserved by the current owner over the past 50 years. The Parlor level is a stunning floor-through living room, dining room, and kitchen saturated with natural light. Interiors throughout feel spacious and airy thanks to 12’5ft ceilings. The decorative fireplace compliments the hardwood floors and is the centerpiece of the living room. The custom-made spiral staircase leads you to the primary bedroom, which has an en-suite bathroom with a soaking tub and a standing shower. Another bedroom facing the park has access to its own bathroom and an additional room in it for either an office or a nursery. The lower level of the owner’s triplex with access to the backyard features two extra bedrooms, an office room, and a bathroom. The townhouse offers an incredible opportunity to boost your income with 3 rental apartments on the 4th and 5th floors. The living room and the kitchen for the duplex apartment are located on the 4th floor with two bedrooms and a bathroom being on the top 5th floor. Two other units are 1-bedroom apartments located on the 4th and 5th floors. TOTAL SQFT: 7065 sqft USABLE SQFT: 5, 925sqft interior + 1140 sqft outdoor space Situated in the heart of the Mount Morris Park Historic District, you simply cannot beat the location! Everything the neighborhood has to offer is within walking distance: Harlem’s Restaurant Row, numerous museums, and Whole Foods are just steps away. Additionally, Trader Joe’s and Target are coming to the neighborhood in 2024 (121 West 125th St). Access to multiple subway lines makes your commute fast and easy wherever you need to go (A/C/D/B/2/3/4/5/6). The house will be delivered vacant. Please email us for a full setup. Can be bundled with 3 West 123rd St. which has a connecting backyard. The opportunities are endless. . .
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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 | $4,400,000 | $4,400,000 | $4,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.851% | 6.664% |
Monthly Tax Payment | $756 | $756 | $756 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,735 | $28,538 | $38,329 |
Total Monthly Payment | $27,616 | $29,419 | $39,210 |
* 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.