Welcome to a One of One opportunity to own a 25 foot wide, unique, four family, prewar townhouse on one of the most beautiful blocks in all of Chelsea.
Owned by the same family for over 50 years, this stunning home is replete with original details and fully leased with exceptional tenants across all 4 units. This home includes all the elements you are seeking as a landlord or the perfect canvas to make this your dream home as an end user. For landlords: tenants can enjoy unique and lofty prewar layouts, 3 different exposures (N, S, W) and original details including wedding cake ceilings and wood burning fireplaces. For end users, the sheer width of this home and prewar charm exudes endless potential. All four current tenants currently cover their own utilities including cooking stoves which have all been converted to electric and have washer/dryers and dishwashers in their units.
Our team has lovingly represented the rentals in this building for over 30 years and can attest to how special and one of a kind the space is. Easy access to A/C/E subways, the Joyce Theater, Chelsea Market, the HIGHLINE, and endless list of grocery stores and everything Downtown Manhattan has to offer. 19th Street between 8th and 9th Avenues is a stunning, quiet, tree lined street that speak of Manhattan's special history. CitiBins in the building's front yard allow for trash mitigation and a young roof and mechanicals means the next owner won't have to worry about immense capital improvements. With 1, 300ft2 of remaining FAR/Square Footage, only your dreams can limit what you can do and achieve with this beautiful space.
Please note all appliances including washer/dryer are electric and costs are covered by the tenant.
Currently 4 tenants in place. Lease rates and expirations available upon request.
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:
$7,000,000
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 | $5,600,000 | $5,600,000 | $5,600,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $31,358 | $34,026 | $46,129 |
Total Monthly Payment | $31,483 | $34,151 | $46,254 |
* 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.