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12 West 131st Street, New York (East Harlem), NY, 10037 | $1,490,000
12 West 131st Street is a beautiful and historic townhouse located in the heart of Harlem. This 18-foot-wide townhouse sits on a gorgeous length of 131st street and has withstood the test of time. Built in 1910, the exquisite Neo-Grec architecture portrays the history of this incredible building. Total allowed s. f: 5, 986.
Each floor has immense potential. This building can be converted into a 1 Family home or a 5 family apartment building. There is approximately 1050 square feet on the Cellar floor through to the 5th Floor, and an additional 6th Floor with 493 square feet. The proposed floorplans included tell a story of incredible possibilities. Whether you want to preserve and restore the natural beauty of the building or bring your own special touch to its facade, this townhouse is perfect for a fresh start. Uniquely, this property offers additional air rights, allowing for potential development in the rear and the addition of an extra penthouse floor.
As a shell, it’s the perfect opportunity for an individual to build their dream home in Manhattan, and create a space that displays their personality and taste. For investors, this townhouse can easily be converted into 5 Family rental units to offset expenses and generate income. This property is awaiting an opportunist who can bring it to life with their vision.
With the bustling 125th Street commercial corridor just around the block, this neighborhood offers an abundance of the best Harlem has to offer. Shopping, entertainment, and cultural experiences will be at your doorstep. Whether it’s exploring the outlets, enjoying performances at the Apollo Theater, or immersing yourself in local museums, there is an endless amount of activity and possibility for you or your potential tenants. Convenient public transportation is a cornerstone of New York City, and 12 West 131st street is no exception. With the 2/3, 4/5/6, and A/C/B/D Trains all within a half mile of the front door, Harlem is yours to explore. Don't miss this extraordinary opportunity to realize your vision in Harlem's most desirable location!
Features
- Town: New York
- Year Built: 1910
- Cooling: Unknown Type
- Building Access : None
- Service Level: None
- Built Size: 18'3"x94'9"
- OLR#: 0091947
- Days on Market: 479 days
- Website: https://www.raveis.com
/prop/0091947/12west131ststreet_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 Peter-Ashe
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888.699.8876
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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
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
12 West 131st Street, New York (East Harlem), NY, 10037
$1,490,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,192,000 | $1,192,000 | $1,192,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,675 | $7,339 | $9,898 |
| Total Monthly Payment | $6,800 | $7,464 | $10,023 |
* 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