76 Edgecombe Avenue, New York (West Harlem), NY, 10030 | $2,995,000
Handsome, renovated, 4-family (C3) building on prime 19’ X 85’ corner lot with four full-floor residences (4, 775 SF) and low taxes. Full basement of 1, 225 additional square feet as well as private outdoor space of 575 SF as well as a private roof deck of 475 SF and attic of 625 SF. FAR as built is 2. 87, with maximum Residential FAR of 3. 44 and Facility FAR of 6. 5. Excellent investment property, and suitable for conversion to a single-family residence. Beautiful tree-lined street near St. Nicholas Park. Last owned by legendary jewelry designer, Elsa Peretti, and once home to musical prodigy and thought leader, Manet Harrison Fowler, this bright, airy 4-story residence is currently configured as four floor-through units, some with distinctive touches from Ms. Peretti's ownership. The building features a full basement, rear yard, and a laundry room. A unique offering with a strong cap rate and lots of upside potential.
Features
- Town: New York
- Levels: 4
- Cooling: Unknown Type
- Amenities: Laundry Room;
- Zoning: R7-2
- Laundry: CommonArea
- Year Built: 1920
- Terrace : Yes
- Building Access : Walk-up
- Service Level: Voice Intercom
- OLR#: COMP1578500248190933
- Days on Market: 40 days
- Website: https://www.raveis.com
/prop/COMP1578500248190933/76edgecombeavenue_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 Compass
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
76 Edgecombe Avenue, New York (West Harlem), NY, 10030
$2,995,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,396,000 | $2,396,000 | $2,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,793 | $14,948 | $20,381 |
| Total Monthly Payment | $13,918 | $15,073 | $20,506 |
* 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