Investor Opportunity! RENTED UNTIL 8/14/2025. Monthly rent is $25, 000. Great tenant in place.
Now, seller can accept flexible payment methods, such as paying in RMB and HKD. Please inquire within. Nestled half a block from Central Park, 37 West 94th Street is a stunning single-family townhouse that was originally a 3-family brownstone, marrying historical charm with modern luxury. You can keep it as is, or use the lower 3 floors as the owner's unit, and rent out the upper 2 floors as investment units after converting back to 3 family. Short-term rentals would bring in even more income.
Built in 1886 in the Queen Anne style by architect W. Holman Smith, this meticulously renovated residence spans almost 5, 000 square feet. Boasting five bedrooms, six bathrooms, and an approximate 800-square-foot private garden, it seamlessly blends 19th-century elegance with contemporary upgrades like a state-of-the-art kitchen. Ornate stained glass, high ceilings, beautiful woodwork, and seven fireplaces evoke its grand origins, offering a premier living experience in the heart of New York City.
Garden Level: Enter the garden level, where an inviting open layout awaits. The family room seamlessly merges with the dining area, leading to a modern kitchen equipped with Miele, Wolf, and Sub Zero appliances. French doors unveil a picturesque garden with fruit trees and a soothing fountain, perfect for outdoor gatherings. A side entrance under the stoop adds convenience with extra storage, blending functionality with inviting aesthetics.
Parlor Level: Ascend to the parlor level, greeted by the home's historical essence with original carved moldings, a majestic stairwell, and elegant mantles. Nearly 11-foot ceilings amplify the grandeur of the formal living room flooded with natural light. A dining room designed for entertaining complements a butler's pantry equipped for modern convenience, bridging past elegance with contemporary living.
Third Floor: Discover the primary suite, a tranquil sanctuary with a modern bathroom boasting a rain shower and double vanity. Flexibility reigns on this level, offering a single expansive suite or two separate bedrooms, each with personal bathrooms. A study or library, walk-through closets, and an extra bathroom add to the allure. The highlight is the solarium bathroom with in-floor heating, blending simplicity with luxurious comfort.
Penthouse Floor: Continue to the penthouse floor, where skylights fill two spacious bedrooms and a sizable walk-in closet with natural light. A versatile space between the bedrooms is ideal for an office or playroom, ensuring this floor offers both private retreat and functional productivity.
Cellar Level: Conclude the tour in the cellar, a space designed for leisure and functionality. A playroom with custom built-ins offers enjoyment, while ample storage, a wine cellar, laundry room, full bathroom, and advanced mechanical systems showcase practicality. This level masterfully balances enjoyment with everyday utility.
Each floor of 37 West 94th Street offers a unique blend of elegance, comfort, and functionality. From the serene garden to the light-filled penthouse, this home epitomizes luxurious living in the heart of New York City, half a block from Central Park. There is the possibility to put in an elevator in this townhouse and it still has unused FAR allowing you to build more sqft. This townhouse used to be a 3-family brownstone, and it is easy to convert back to a multi-family townhouse again. You can convert the lower 3 floors into an owner-occupant unit, and use the remaining upper 2 floors as investment units to cover expenses. Very high ROI. All dimensions and sizes are approximate, some photos are virtually staged. To learn more or embark on this living experience, please don't hesitate to contact me.
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:
$7,500,000
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 | $6,000,000 | $6,000,000 | $6,000,000 |
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 | $33,598 | $36,457 | $49,424 |
Total Monthly Payment | $33,723 | $36,582 | $49,549 |
* 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.