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VALUE-PLAY IN CENTRAL HARLEM Located on a quiet, tree-lined block, 165 West 126 presents an exciting opportunity to own a renovated income-producing 2-family in the heart of Central Harlem. The limestone façade is adorned with the original prewar details from the early 1900’s. The house measures 17 ft wide, encompassing 3, 340 square feet of above-grade living space plus a full-height basement and a landscaped private back yard. The residence is located near the A/B/C/D and 2/3 trains and is also convenient to incredible shopping as well as countless restaurants, all offering the flavor and vibrance of Harlem. OWNERS DUPLEX Enter through the garden level consisting of a separate dining area with a huge kitchen taking center stage. Step down to the sunken living room adorned with a decorative fireplace, custom storage and direct access to the landscaped backyard with a welcoming raised deck seating area sheltered by a pergola. Ascend the stairs to the Parlor level showcasing some of the home’s loveliest ornate prewar details. Here you will find 2 bedrooms and 2 fully renovated bathrooms. The Primary bedroom boasts a huge walk-in closet with custom interiors, an en suite bath with double sink/marble vanity and large stall shower. Step out and enjoy your very own private balcony overlooking the home’s backyard; the perfect spot to unwind with a nightcap. UPPER DUPLEX This unit floods with natural light. The lower, entertaining level, offers separate living and dining rooms anchored by an expansive kitchen with impressive cabinet storage and counter space. The upper floor is home to 2 huge bedrooms, washer/dryer, 2 bathrooms and great closets. CELLAR: A clean, open tiled cellar offers amazing storage, washer/dryer and even a bathroom! This is your opportunity to own a ready-made income-producing home perfectly situated in the epicenter of Central Harlem where culture and community remain the foundation of this historic neighborhood.
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:
$2,450,000
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 | $1,960,000 | $1,960,000 | $1,960,000 |
| 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% | 6.259% | 6.058% |
| Monthly Tax Payment | $1,396 | $1,396 | $1,396 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,975 | $11,909 | $16,408 |
| Total Monthly Payment | $12,496 | $13,430 | $17,929 |
* 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.