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2044 Madison Avenue, New York (East Harlem), NY, 10035 | $2,225,000
Located in the culturally rich Central Harlem, this multifamily townhouse presents an exceptional opportunity for investors or homeowners seeking versatile living arrangements. With its prime location on Madison Ave between129th St & 130th St, this three-family brownstone offers both convenience and comfort.
The ground floor of this charming townhouse features an independent entrance and is currently part of a duplex configuration with the first floor. Boasting 3- potential bedrooms and 2-bathrooms, this spacious layout offers flexible living options, including the potential to convert into two separate apartments with minimal effort. The townhouse additionally features a beautifully landscaped private garden, providing a tranquil oasis in the heart of the city.
The second and third floors each house one-bedroom apartments, providing steady rental income with existing tenants or the option for a new owner to occupy. These well-appointed units offer modern amenities and ample living spaces, making a perfect space for urban dwellers seeking a comfortable retreat.
Convenient access to public transportation makes commuting a breeze, with the 2, 3, 4, 5, and 6 trains nearby. Bus routes M101, M102, and M103 further enhance accessibility to all parts of the city.
Surrounded by a wealth of amenities, residents can enjoy easy access to shopping destinations such as the East River Mall on116th St & FDR, which boasts a variety of retailers including Costco, Target, Aldi, and Whole Foods, as well as an array of dining options ranging from local eateries to renowned restaurants like the Red Rooster.
Don't miss this opportunity to own a piece of Central Harlem's rich history while enjoying the benefits of modern city living. Schedule a viewing today and experience the endless possibilities that await at this multifamily townhouse on Madison Ave.
Features
- Town: New York
- Amenities: Garden;
- Rooms: 11
- Laundry: Other
- Year Built: 1926
- Cooling: Window Units
- Patio: Yes
- Building Access : Walk-up
- Service Level: None
- Built Size: 16'x50'
- OLR#: RPLU5122958805
- Days on Market: 217 days
- Website: https://www.raveis.com
/prop/RPLU5122958805/2044madisonavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Douglas Elliman Real Estate
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2044 Madison Avenue, New York (East Harlem), NY, 10035
$2,225,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,780,000 | $1,780,000 | $1,780,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,107 | $10,960 | $14,781 |
| Total Monthly Payment | $10,232 | $11,085 | $14,906 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535