FEDERAL TOWNHOUSE IN SOHO Beautiful Federal style townhouse with elegant Flemish-bond brickwork near the intersection of Sullivan And Prince Street. This 22 foot wide house delivers 4, 752 square feet of building mass and has a multi-windowed addition that runs from top to bottom of the house. Located in the landmarked Sullivan-Thompson Historic District, this home enjoys the best of both worlds as the location enjoys the tranquility typical of Greenwich Village, while having proximity to the heart and energy of SoHo. The surrounding tree cover, small building scale and quiet pace of this site deliver a quality of life that is truly hard to find in SoHo. Currently set up as a two family residence, with a thoroughly renovated lower duplex comprising the ground and parlor floors. Comprehensive renovation work was completed in 2014, and included a full demolition and re-configuration of the garden level, addition of 3 new bathrooms, new kitchen, new well-proportioned stairwell and creation of a paved multilevel rear garden. The addition of a large new French window near the Parlor level kitchen, provides a lovely transition out to the garden seamlessly integrating interior and exterior living. New lighting and outlets were installed, new hot & cold supply lines, plumbing fixtures and lines, while waste lines were upgraded and replaced. Important structural upgrades were implemented as well, with new concrete and steel supports applied to rectify long-standing masonry issues. High-efficiency central air-conditioning and heating systems were added as well as radiant underfloor heat systems. Fenestration was replaced with the installation of well-insulated glass windows throughout the lower duplex. The upper two floors have received some upgrades, but could certainly use further renovations while any new work would be streamlined and simplified due to the building wide infrastructural work done during the 2014 renovation. There are five bedrooms upstairs as well as a large open kitchen and full building width living room. At the rear of the top floor is a sequestered and self-sufficient bedroom in the building addition with a full bath and small kitchenette, perfect for a nanny or guests. 134 Sullivan provides an excellent framework for investment as much of the heavy lifting and renovation has already been completed. Perfect opportunity for the single-family end user, live with income end user as well as the pure investor looking for high rental yield and return. Showings by appointment with 24 hours’ notice required.
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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 | $5,200,000 | $5,200,000 | $5,200,000 |
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 | $29,119 | $31,596 | $42,834 |
Total Monthly Payment | $29,244 | $31,721 | $42,959 |
* 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.