Welcome all Investors, Developers and end-users. This is a rare opportunity to own a Rooming/ Boarding house in the desirable Mott Haven section of the Bronx. Nestled on a 16 by 100ft lot with a private backyard and 2160 interior SQ footage this beautiful single family home with legal rooming is uniquely configured for exceptional income production. This property is being sold as-is with endless possibilities to be modified as desired; whether you are in need of a large multigenerational home for the family or in search of an investment property. It has 6 spacious rooms, 3 kitchens, 2 full bathrooms a spacious 1st fl 2 bedroom apartment and a large semi finished basement. The property has been well maintained with renovated rooms, updated electric, roof, and boiler all been updated. It is conveniently located near restaurants, local shopping and public transportation. You can enjoy brunch at Archer & Goat and dinner at Maisonetta or hop on the train and be in Manhattan in minutes. 409 E 139th has been cared for and loved for over 3 generations. Don't miss this opportunity to have this home in your family for generations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$980,000
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 | $784,000 | $784,000 | $784,000 |
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 | $162 | $162 | $162 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,390 | $4,764 | $6,458 |
Total Monthly Payment | $4,644 | $5,018 | $6,712 |
* 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.