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Rare Development & Renovation Opportunity – The Historic Hadley Farm House 5-Bed Landmark with Sunroom, 2-Car Garage & Expansive Yard on 0. 35 Acres (Zoned R4) Step into history with the Old Hadley Farm House—an extraordinary 5-bedroom, 2. 5-bath treasure believed to be the oldest surviving residence in the Bronx. This stone and wood-frame home may date back as far as 1747, predating even the Van Cortlandt Mansion, and has been a designated New York City landmark since 2000. Full of character and potential, the central portion of the home boasts nearly two-foot-thick stone walls, original wood beams crafted from halved tree trunks (bark intact), and a historic stone fireplace. Expanded over time, the home features a north wing from the late 19th century and a south wing designed by renowned architect Dwight James Baum in 1915–1916. Property Highlights: 5 bedrooms, 2. 5 bathrooms Entry foyer, sun-filled living room with fireplace, open sitting porch with views of property's landscaping/garden Library with wood-burning fireplace Eat-in kitchen, mud room and laundry room Detached 2-car garage 15, 413 sq. ft. lot (150' x 105') Zoned R4 – Ideal for renovation, expansion, or development This 0. 35-acre property offers rare space and flexibility in a prime Bronx location, just minutes from Van Cortlandt Park, Horace Mann and Riverdale Country Private Schools, and public transportation including local/express buses and the No. 1 subway line at West 242nd Street. Bring your architect and your imagination—this is a once-in-a-generation opportunity to restore a piece of New York history or re-imagine it for the future. Main house is landmarked however garage is not. Property fronts both Post Road and Old Albany Post Road. 2024-25 property taxes $12, 671
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Our Executive Mortgage Banker:
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$1,390,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,112,000 | $1,112,000 | $1,112,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.952% |
| Monthly Tax Payment | $1,056 | $1,056 | $1,056 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,055 | $6,667 | $9,234 |
| Total Monthly Payment | $7,236 | $7,848 | $10,415 |
* 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.