339 East 82nd is a 21-ft wide townhouse with 8 vacant units and endless possibilities. For the investor, this building is almost ready to go—six units in great condition with only two of which that need renovations to rent. The 2nd and 4th floors have soaring ceilings and the front units are bathed in light. The backyard is huge –21x34 feet—with trees and plants and open sky views. It’s a great investment opportunity on a beautiful tree-lined block with a just-finished, new construction building right next door with units all sold at upwards of $2300psf. Interior square footage is currently at 4, 630 with a FAR of 4, giving 8, 568 allowable sq. ft. So you can either add floors or create square footage in the backyard. Zoning is R8B. Conversely, this house is primed and ready to be turned into an epic single-family home. In a location wedged between all of the best schools in the city, this huge home can be the perfect solution if you need the space but don’t want to leave the city. There is ample room for an elevator and the 12-ft ceilings on the 2nd floor would make a stunning and grand sitting room. The possibility of SEVEN bedrooms (yes, 7!) with plenty of room in the backyard for a swing set and hot tub. It’s your house and your rules- make it what you want! The house is located off of 2nd Avenue, a few blocks from 5th Avenue and a few blocks from East End and Carl Schurz Park. In addition, some of the hottest new store openings in the city are right here. The newest La Pecora Bianca, Anita Gelato, the always-fun Penrose and most importantly, the Metropolitan Museum of Art just 5 blocks away. This neighborhood is popping right now and so is its real estate.
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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 | $3,596,000 | $3,596,000 | $3,596,000 |
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 | $4,861 | $4,861 | $4,861 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,418 | $22,434 | $30,103 |
Total Monthly Payment | $25,404 | $27,420 | $35,089 |
* 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.