New York (Harlem), NY, 10027 | $550,000

This classic prewar home in the Mount Morris Park West District is filled with character, wonderful light, and soaring 10-foot ceilings. The residence offers a gracious layout with two bedrooms, one bath, a spacious living and dining area, an eat-in kitchen, and a charming nook, perfect for a home office providing both functionality and flexibility. Upon entering, you are welcomed by an impressive 20+ foot hallway rich in old-world charm, an ideal space to create your own gallery wall. The hallway connects the primary bedroom, which enjoys double exposures, to the living/dining room, while a nook is conveniently positioned along the entry corridor perfect for creating an office space. The eat-in kitchen features a large window with a picturesque view of a nearby church steeple and includes a walk-in pantry. While the apartment requires renovations and cosmetic upgrades, it presents an exciting opportunity to create a beautiful chef’s kitchen and thoughtfully updated home tailored to your personal vision. Located directly across from Marcus Garvey Park, residents enjoy easy access to the park’s outdoor pool, amphitheater, playgrounds, and green spaces. The home is also moments from Whole Foods, Trader Joe’s, Target, the newly renovated Studio Museum in Harlem, and the 2/3 subway lines, along with an array of neighborhood restaurants, cafés, renowned destinations such as the APOLLO & VICTORIA THEATRES and retail stores for your shopping pleasure. Harlem is renowned for its rich cultural legacy, architectural beauty, and vibrant community life. Long celebrated as a center of African-American history, music, literature, and art, the neighborhood continues to evolve while honoring its roots. Today, Harlem offers a dynamic blend of historic brownstones, cultural institutions, diverse restaurants, neighborhood markets, and community venues that reflect the extraordinary diversity and creativity that define the area. This is an HDFC cooperative with income restrictions: • Household of 1–2 people: income may not exceed $90, 813. 60 of Adjusted Gross Income • Household of 3 or more: income may not exceed $105, 949. 20 Of Adjusted Gross Income Flip Tax: • 25% of gross profit minus capital improvements if sold within the first 5 years • 15% of gross profit minus capital improvements after 5 years of ownership Important: Sale is subject to co-op board approval prior to contract signing. Shown by appointment only. Images shown may include virtual staging and/or digital renovations for illustrative purposes only.

Features

  • Town: New York
  • Levels: 6
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Lot Size: 100.920000x100.000000
  • Laundry: Building Washer Dryer Install Allowed,Common On Floor,Common Area
  • Year Built: 1900
  • Common Charge: $996 Monthly
  • Approx Sq. Feet: 0
  • Est. Taxes: $0
  • View: City
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • MLS#: RLS20076826
  • Days on Market: 65 days
  • Website: https://www.raveis.com
    /prop/RLS20076826/35mtmorrisparkw_newyork_ny?source=qrflyer
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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.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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New York (Harlem), NY, 10027

$550,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $440,000 $440,000 $440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.730%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,635 $2,745 $3,593
Total Monthly Payment $2,727 $2,837 $3,685

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.