Incredible residence/investment opportunity in the heart of Midtown. Well maintained, Murray-Hill townhouse 149 East 37th encompasses 5-residential units totaling 5, 340 square feet including a Duplex owner's apartment with manicured garden.
1st and 2nd Floors (2, 013 int / 639 ext sq ft): Currently unoccupied, Duplex 1/2 can be a grand, Owner's residence with soaring ceilings up to 12' 3". Large windows flood the living spaces with natural light dappled with greenery from the tree-lined street. Entering on the first floor, a foyer houses a powder room for guests leading to a living room with fireplace, renovated kitchen with washer/dryer, and an atrium sunroom for dining. A guest bedroom with en-suite bath and abundant closets finish the first floor. Off the atrium, a stairway leads to a meticulous garden with fresh plantings, grill, and ample space for outdoor seating. A spiral staircase from the foyer leads to the upper floor primary suite with bay window, fireplace, and en-suite bath. A 3rd living space can either be used an enormous library or 3rd bedroom with adjacent, windowed home office.
3rd Floor (954 sq ft): Currently occupied by a tenant, an entry foyer at arrival splits the living space into 2 sections. The front half of the floor includes a large kitchen and opens to a library/living room with fireplace and full bathroom. The rear half of the apartment is a primary bedroom suite (currently used as a 2nd living room) including a fireplace, second bathroom, and washer/dryer. The home office is currently configured as a sleeping area.
4th Floor (816 int / 116 ext sq ft): Currently occupied by a tenant, an entry foyer splits the front and rear halves of the floor. Facing the street, the living room/dining room has 9' 9" ceilings, large windows, a fireplace and renovated bathroom. Passing through a renovated kitchen leads to the primary suite, also with fireplace and adjacent home office. From the home office, a private terrace looks out to the surrounding townhouse gardens, magical tree tops and iconic views of the Chrysler building.
5th Floor (A: 413 / B: 365 sq ft): Both currently occupied by tenants, the 5th floor is split into 2, junior 1-bedroom apartments each featuring fireplaces, open kitchens, and multiple closets.
The current rent roll is available upon request. All units are rent stabilized, other than the vacant Duplex. The townhouse is conveniently located just a few short blocks from the 4/5/6 Subway lines, Grand Central Terminal, and the Queens/Midtown Tunnel.
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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 | $2,796,000 | $2,796,000 | $2,796,000 |
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 | $15,657 | $16,989 | $23,032 |
Total Monthly Payment | $15,782 | $17,114 | $23,157 |
* 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.