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Go back in time at 159 East 107th Street, a classic New York City brownstone steeped in charm and character. Located on a quiet, quintessential
East Harlem block, this five-unit property captures the enduring beauty of vintage Manhattan living.
Each full-floor residence embraces the elegance of a bygone era, with gracious proportions, high ceilings, exposed brick walls, and original hardwood floors that speak to the building's rich architectural heritage. Sunlight pours in through large north- and south-facing windows, filling the spacious living and dining areas with warmth and light. Windowed kitchens and thoughtful layouts lend each apartment a sense of comfort and timelessness.
Imagine a street where neighbors still chat from their stoops and familiar faces pass by each morning - 159 East 107th evokes that sense of community and
nostalgia that's becoming increasingly rare in today's city.
With five residential units plus a basement totaling approximately 5, 100 square feet, this well-maintained building offers a strong investment opportunity. All apartments are currently leased at fair market rents, providing immediate income in an area with growing long-term potential. 4 of the apartments (not all of the apartments) are rented at $2, 500. EXTREMELY LOW TAXES!
Convenient to the 6 train, Lexington and 3rd Avenue bus lines, and just blocks from beloved neighborhood shops, grocers, and classic eateries, this East
Harlem gem is the kind of property that rarely comes along - rich in history, heart, and opportunity.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.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:
$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.125% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.294% | 6.259% | 5.972% |
| Monthly Tax Payment | $4,263 | $4,263 | $4,263 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,044 | $12,152 | $16,608 |
| Total Monthly Payment | $15,432 | $16,540 | $20,996 |
* 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.