A grand 4-window-wide brownstone with 5, 200sf of living space, and located on a beautiful tree-lined block. A pristine investment opportunity in central Harlem. Built in 2000 at 25 feet wide and 4 stories tall with a full height basement and a 49 foot deep garden. This property has been lovingly maintained by its owner since built. The new owner will be handed a solid, worry-free investment. All units are free market with all leases expiring in November, giving the new owner the opportunity to adjust the income to market values. Unit 1 has 3 bedrooms/Flex 4br, 2 full baths, 1 half bath, side by side washer/dryer, large kitchen, dining room and living room. Access the garden and the full basement from this unit. The top 2 units each have 2 bedrooms/flex 3br, 1 full bath and a large living room/dining room spanning the full width of the building, and an open kitchen. Every unit has an abundance of closet and spacious rooms with king-sized bedrooms and space for a home office. Live in the first floor duplex and receive income from the other two units, or rent the entire building for maximum income. Minimal operating expenses as the current owner installed solar panels on the roof to run all common electricity needs, with room left over to add a roof deck. Projected rental income: Unit 1: 3 br/2. 5 bath duplex with garden: $6, 250 Unit 2: 2 br/1 bath: $3, 200 Unit 3: 2 br/1 bath: $3, 200
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,200,000
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 | $2,560,000 | $2,560,000 | $2,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,743 | $15,143 | $21,088 |
Total Monthly Payment | $13,868 | $15,268 | $21,213 |
* 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.