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Attractively located adjacent to the Central Harlem West Historic District, this elegant Neo-Grec legal Three-Family Brownstone townhouse with an additional Owner's basement apartment was built in 1910 and fully renovated in 2005. Rents are at full market value, with the rent roll currently at $135, 500, and the property has potential for excellent cash on cash return for an investor.
The house is divided into a Two-Bedroom Garden Duplex with access to the planted Back Yard (with shed) from both levels, and two charming One-Bedroom floor-through rental apartments. There is also a basement Owner's apartment with Back Yard access, for a total of 4, 860 square feet including the finished basement.
Features of the Property:
Owners Duplex
Spacious luxury 2-Bedroom Garden Duplex features exposed brick, hardwood floors, high ceilings and large windows for lots of natural light, extra storage and closets, and a large murphy bed for guests.
The Open Kitchen has a dishwasher and granite counters, and access to the private Deck with staircase to the sunny, peaceful Back Yard
the Bathrooms are fully tiled, with rain shower.
The Duplex also features its own washer and dryer, central HVAC, and recessed LED lighting
Two One-Bedroom Apartments
The two Loft-like One-Bedroom, One-Bathroom floor-through apartments on the upper two floors of the house also feature exposed brick, hardwood floors, central HVAC and lots of natural light.
Both have open Kitchens with dishwasher and granite counters, and the Bathrooms are fully tiled with bathtubs.
Both apartments also feature in-unit laundry and recessed LED lighting.
Owner's apartment
The property also has a charming Basement Owner's studio apartment, perfect for a pied-a-terre.
The Owner's apartment has a full Bathroom and Kitchenette, beautiful finishes, windows, and access to the Back Yard.
Neighborhood
This lovely townhouse property is just a few steps from Harlems Restaurant Row and shopping on 125th Street.
Conveniently close to transportation options including the 2/3 and B/C subway lines and the M2, M7 and M101 bus lines.
For recreation, the property is located between Mount Morris Park and Morningside Park.
This property will be delivered vacant with all paperwork provided. Please call today for more information and your private showing!
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.
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Our Executive Mortgage Banker:
$2,595,000
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 | $2,076,000 | $2,076,000 | $2,076,000 |
| 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 | $1,237 | $1,237 | $1,237 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,625 | $12,614 | $17,379 |
| Total Monthly Payment | $12,987 | $13,976 | $18,741 |
* 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.