Rare, Boutique Office Building in Prime Location
This luxury, commercially zoned townhome is situated at the epicenter of New York City's luxury retail corridor-- home to the world's biggest names in high fashion and hospitality
The 18ft townhome comprises approximately 7, 155 sq/ft of various open office spaces above grade, as well as an additional 1, 545 sq/ft of storage and mechanicals on the lower level.
All 5 floors are serviced by an expansive, wood-paneled commercial elevator. There are various outdoor spaces as well, including a small garden, terrace, and Solarium.
Additional highlights include hardwood floors throughout, 12' ceilings on the parlor floor and large windows
Built in 1880 by acclaimed Architect F. S. Barus, 38 East 63rd Street is located between Park and Madison Avenues on a picturesque, tree-lined block lined with historic townhomes. Its facade was altered to its current configuration in elegant Neo Georgian design in 1904 by Architect William Strom, as a residence for Banker John Greenough and his family.
Beginning in the early 50's, the home was converted from residential to commercial and has since served as a doctor's practice, an art gallery, and an upscale beauty salon.
Offering convenient access to Central Park and 5th Avenue shopping and dining, this property can easily be optimized for a variety of commercial uses. Aside from offering an ideal space for traditional medical and finance offices, it could also serve as anything from an art allery or museum to a luxury fashion house with offices and a showroom. This is a co-exclusive with The Modlin Group.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$14,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
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 | $11,200,000 | $11,200,000 | $11,200,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $68,052 | $72,643 | $97,564 |
Total Monthly Payment | $68,177 | $72,768 | $97,689 |
* 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.