A classic townhouse built in 1910, 161 East 74th Street is located on an elegant tree-lined Upper East Side block. Featuring an elevator with every-level access, a large rear garden and a sunny roof terrace, this 6-floor, 7-bedroom 5. 5 bath residence provides gorgeous light from both its south-facing 20’ façade and its gigantic north bay and atrium windows. Collaborate with your contractor and/or architect to make this expansive 6, 800-square-foot townhouse everything you desire. Whether you envision minor updates or a full transformation, the versatile layout offers endless possibilities to suit your vision. Encompassing 6, 800 +/- sq ft, the house opens at the parlor floor, where a spacious dining room and kitchen are paired with a light-filled living room, both rooms with working fireplaces. An enormous bay overlooks and opens onto a balcony which descends to the charming rear garden patio. A study and master bedroom are located on the third floor, the latter featuring a commodious dressing room. Three more bedrooms are located on the fourth floor, one with ensuite bath, while the fifth floor holds two bedrooms and a wonderful double-height atrium room with full wet bar: with its northern exposure, this space would make an ideal artist’s studio. The sixth floor, currently a gym, also incorporates the south-facing roof-deck, ideal for both entertaining and relaxing. The garden level has served as professional home office space and as part of a renovation could easily do so again; it includes the utility spaces, a living/dining area and kitchenette, full bath and bedroom, all privately accessible and ready for use as either servant’s quarters, a guest residence or a rental apartment. High ceilings, three working and two decorative fireplaces, a garden-facing balcony and enormous windows throughout round out the architectural features. Close to Madison Avenue shopping, the Museum Mile, Central Park and public transport, 161 East 74th Street represents a singular opportunity to create a truly one-of-a-kind home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,890,000
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 | $7,912,000 | $7,912,000 | $7,912,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $44,923 | $49,361 | $66,233 |
Total Monthly Payment | $45,048 | $49,486 | $66,358 |
* 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.