This is your chance to own a classic townhouse in the vibrant Central Harlem neighborhood. This three-story home is in a prime location, close to the main commercial artery on 125th Street, 4 express subway lines, plus the Metro North rail, and many major retailers. It has been in one family's possession for over 65 years and is in need of a complete renovation but is full of potential. The building features a classic brick fa ade and rustic wooden floors, with ornate details. Property was being used as an SRO and has several violations. Being sold strictly "AS IS" and buyer assumes all
231 W 131st Street, New York, NY, 10027
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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