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Grand & Elegant Prewar 10-Room Residence on the Upper West Side
Discover the timeless beauty of this expansive 3, 100-square-foot, 10-room home, featuring soaring close to 10-foot ceilings, original herringbone and new chevron floors, and oversized windows flooding every room with natural light-including the kitchen and staff quarters. Located in a boutique, full-service cooperative at 161 W 86th Street, this unique residence offers 5 bedrooms, 3 bathrooms, and gracious living and entertaining spaces.
Enter through a semi-private landing into a grand Gallery, with major rooms oriented to the South, West, and North. To the left of the Gallery, an oversized Living Room with a decorative fireplace, adorned with stunning ceramic and marble tiles, faces South over wide, tree-lined 86th Street, offering warmth and elegance.
The Primary Bedroom and Second Bedroom are generously sized, featuring south-facing windows, built-in cabinetry, and new Oak Chevron flooring.
They share a large, windowed bathroom with a stall shower, double sink and a soaking tub. A third bedroom or den is situated along the same hallway and is currently configured as a home office.
The Formal Dining Room, currently used as a Library/Media Room, faces West with views of a beautiful landmarked building and enjoys beautiful afternoon light. It can easily be reimagined as a dining room, accommodating large gatherings and entertaining.
To the right of the Entrance Gallery is the Eat-in Kitchen, featuring an area that comfortably fits a table for six, ample storage, and a functional chef's workspace with a north-facing window. Adjacent to the kitchen are two staff rooms: one currently used as a laundry room and the other as a bedroom with an en-suite bath.
Down the hallway, two more bedrooms share a full windowed bathroom. One bedroom features double exposures (North and West), while the other faces West. Both include good closets and built-in storage, making them ideal for flexible living arrangements.
Original prewar details, such as moldings and herringbone floors, seamlessly blend with modern updates, including central air conditioning and additional window/units.
This pet-friendly cooperative offers a private storage bin, bike room, and a stunning planted roof deck. The building features a doorman ( 7 AM to 1 AM), a resident manager, and a boutique atmosphere in the heart of the Upper West Side.
Flip Tax is 15% of the Capital Gains, Paid by Buyer. Up to 65% Financing allowed.
Don't miss the rare opportunity to own a spacious, elegant residence that offers the perfect balance of classic charm and modern living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 |
|
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Loan Amount | $3,200,000 | $3,200,000 | $3,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,169 | $20,490 | $27,003 |
Total Monthly Payment | $18,294 | $20,615 | $27,128 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.