This charming two-family residence sits within the vibrant Mott Haven section of the South Bronx, a burgeoning neighborhood boasting a plethora of brand-new luxury apartments and a thriving cultural scene encompassing art, music, and nightlife.
Offering an attractive opportunity for both end-users and investors, 413 East 141st Street presents a compelling option. The property is newly renovated, tenant-ready, and could yield up to a robust 6% cap rate for investors. Alternatively, prospective homeowners have the choice of residing in one of the two spacious duplex apartments, while generating additional income by leasing out the other unit. The apartments are currently configured as one 2 bed / 2 bath duplex with backyard access, located on the ground and second floors, and one 3 bed / 2. 5 bath duplex, located on the second and third floors. Both living spaces are generously proportioned and beautifully finished, featuring hardwoods throughout, updated kitchens with stainless steel appliances and stone countertops, great natural light from ample windows, and both are equipped with central AC for optimal comfort.
Conveniently located near the 2/3/4/5 train lines, with express service to Manhattan, commuting is a breeze, with Grand Central Station just a short 20-minute journey away. Whether you're looking for a lucrative investment opportunity or a place to call home, 413 East 141st Street offers the best of both worlds in one of NYC's most exciting neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,856 | $5,250 | $6,962 |
Total Monthly Payment | $4,948 | $5,342 | $7,054 |
* 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.