117 West 85th Street is an historic three-family brownstone designed and constructed in 1891 by the architect John G. Prague in the Queen Anne and Renaissance Revival styles. The current configuration is a spacious owner's triplex with two one-bedroom floor-throughs above, spread across five floors. This home provides the unique opportunity for comfortable family living in the owner’s triplex, while covering expenses with income from the floor-through rentals above. The bright and airy triplex, which occupies the garden, parlor and third floors of the building, features four bedrooms, a home office, and two private outdoors spaces including the tranquil garden. The soaring ceilings are enhanced by stunning original details, provided by the builder and by the 1904 purchaser/owner/prominent architect, Robert Allen Jacobs, whose family resided here for over 30 years. The interior has been beautifully maintained and restored throughout. The current owners added a wine room and cedar closets in the cellar. Alternatively, the house provides the opportunity to convert to a single family home today or in the future as the owner needs more space. The market rent one-bedroom apartments are each currently rented for $4, 500/month and $4, 200/month respectively, consist of large bedrooms and living rooms, abundant natural light, and great ceiling heights. The fourth floor unit has a private terrace, while the fifth floor apartment has updated finishes and a washer/dryer in-unit. This townhome is conveniently located in close proximity to Central and Riverside Parks, excellent schools, fine dining and retail, The Museum of Natural History, and public transportation. Live in style while covering a significant portion of your expenses in this historic 3-unit brownstone in the heart of the Upper West Side.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$6,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,196,000 | $5,196,000 | $5,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $29,096 | $31,571 | $42,801 |
Total Monthly Payment | $29,221 | $31,696 | $42,926 |
* 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.