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A rare opportunity to acquire a fully vacant mixed-use building in the heart of historic Strivers’ Row — one of Manhattan’s most architecturally distinguished and tightly held enclaves. Positioned along a landmarked block defined by grand townhouses and limited turnover, this approximately 7, 000 square foot property offers investors and developers a true blank canvas within a premier Harlem micro-market. Delivered entirely free of tenants, the asset eliminates the operational and legal complexities typically associated with Upper Manhattan acquisitions, allowing for immediate planning, renovation, and repositioning. Unlike most mixed-use offerings in the neighborhood, the building combines complete vacancy, free-market residential potential, and commercial upside within a historically significant setting where opportunities to acquire scale are exceptionally scarce. The property is ideally suited for a full-scale redevelopment or boutique rental conversion designed to capitalize on Harlem’s continued residential growth and strong demand for renovated housing stock. Full OM available in the data room.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$2,599,999
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 | $2,079,999 | $2,079,999 | $2,079,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,354 | $1,354 | $1,354 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,647 | $12,638 | $17,412 |
| Total Monthly Payment | $13,126 | $14,117 | $18,891 |
* 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.