LIFE ON A GRAND SCALE
Riverside Drive - West End Historic District
A Wonderful Opportunity to develop your own 25 foot mansion on a beautiful townhouse block just a half a block from Riverside Park. This 25foot, 5 story home will be Delivered Vacant. Presently configured with 8 units, the dwelling begs to be brought back to its original single family grandeur. Many original details including stained glass, crown moldings, and fireplaces with beautiful mantles remain for your architect to incorporate into your new home.
Current Layout: Lower Level - presently configured as a small legal one bedroom apartment with a terrace in the rear of the building and storage and mechanicals in front.
First Floor - two studio apartments with 10' ceilings.
Second and Third floors - owner's duplex with internal staircase. Large and airy parlor level with 11' ceilings and three south facing balconies accessed from the living room through 3 French doors! A spacious dining room is located at the opposite end with beamed ceilings and the aforementioned stained glass windows. Both rooms have large fireplaces.
Fourth and Fifth floors - two one bedroom apartments on each floor.
Roof/Rooftop - a full staircase takes you up to the roof, which could be converted into a private roof top terrace or, with the availability of the 2, 240 feet of available FAR, a possible half floor with private roof terrace.
Future Layout Options: Single family or Owner's duplex/triplex plus additional unit(s) rental income etc.
Peaceful mid-block location near Riverside Park. Only a block and a half to Broadway or two and a half to Amsterdam Avenue for numerous shops, cafes, and dining options. You can also enjoy top notch concerts/shows at Symphony Space located at 95th & Broadway.
Super convenient to public transportation - #2/3 express trains and #1 local with entry at 94th and Broadway. Regular bus service up and down Broadway as well.
315 West 92nd with its sister building 313 were designed and built in 1906 as a pair of single family homes by noted architect Joseph H. McGuire (Church of St. Malachy - The Actor's Chapel - and Church of the Holy Trinity at West 82nd Street). Per Symmetrically organized facades are faced in red brick, laid up in Flemish bond with ironspot headers above a limestone base. The rusticated limestone ground story has a limestone central entrance portico supporting a balcony with a wrought iron balustrade. There is a copper covered mansard roof with three copper clad pedimented dormers.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,950,000
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 | $3,960,000 | $3,960,000 | $3,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,484 | $24,705 | $33,150 |
Total Monthly Payment | $22,609 | $24,830 | $33,275 |
* 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.