New York (South Harlem), NY, 10027 | $2,699,999

Nestled on a charming tree-lined block within South Harlem's coveted Mount Morris Park Historic District, this stately 2-family Queen Anne brownstone, designed by the renowned architects Thom & Wilson in 1899, offers an extraordinary opportunity for both restoration and development. With a substantial, unused Floor Area Ratio (FAR), this four-story townhouse with a cellar not only retains its original grandeur but also invites a world of possibilities for expansion and customization.

This expansive residence spans an impressive 19 feet in width and boasts four full bathrooms and an array of preserved 19th-century details. From the beautiful stained glass windows to the intricate hardwood floors, fireplaces on each level, and elegantly framed doors with crown molding, this home is a testament to timeless architectural beauty. Each floor presents a unique opportunity to enhance or reimagine its space, whether as a luxurious single-family home, an investment property, or a high-end rental.

The Garden Floor is currently arranged with an expansive eat-in kitchen, a dining room, a full bathroom, and a living room, which opens directly to a private backyard-an ideal setting for creating a peaceful urban oasis. Ascending to the Parlor Floor, residents are welcomed by 12-foot ceilings and intricate woodwork throughout two generously sized, light-filled bedrooms. The main entrance to the parlor floor is accessible from the stoop and features a pair of grand double wood doors, topped by antique stained glass transoms and accompanied by South-facing windows.

Upstairs, the Third Floor offers charming South-facing bay windows, while the Fourth Floor has a month-to-month tenant in place, providing immediate rental income. Each floor offers flexibility, allowing the future owner to retain the current layout or to renovate and design to their unique specifications.

Located in one of South Harlem's most desirable areas, this property is surrounded by top neighborhood amenities, including Marcus Garvey Park, Whole Foods Market, and a thriving restaurant scene along Malcolm X Boulevard. Convenient access to the 2/3 subway, along with the 4/5/6, Metro North, and A/C/B/D trains, puts all of New York City within easy reach.

As a distinctive piece of Harlem's architectural history, this brownstone stands as the ideal canvas to create a custom dream home, a valuable investment property, or a luxury development opportunity. The combination of historical charm, substantial FAR, and unparalleled location offers a unique chance to increase equity and enjoy the best of South Harlem living.

Features

  • Town: New York
  • Rooms: 9
  • Bedrooms: 4
  • Baths: 4 full
  • Units: 1
  • Lot Size: 100.00x19.00
  • Laundry: In Unit
  • Year Built: 1899
  • Basement: Other
  • Approx Sq. Feet: 3,952
  • Lot Size: 100.00x19.00
  • Est. Taxes: $3,672
  • View: Other
  • Pet Policy: Building Yes,No
  • MLS#: RPLU-1032523249828
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/RPLU-1032523249828/109w122ndstreet_newyork_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
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 Serhant   Phone: (646) 480-7665

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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

New York (South Harlem), NY, 10027

$2,699,999

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 $2,159,999 $2,159,999 $2,159,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.004% 6.738% 6.307%
Monthly Tax Payment $306 $306 $306
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,605 $13,831 $18,373
Total Monthly Payment $13,036 $14,262 $18,804

* 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.