|
A renovated two-family townhouse nestled less than two blocks from Central Park, this 7-bedroom, 3. 5-bathroom home offers the flexibility to be used as either a spacious single-family residence or maintained as a two-family property with income potential.
The property is currently occupied by a tenant through April 2026, generating strong rental income-providing a turnkey investment opportunity for end users or investors
The townhouse is a seamless blend of contemporary convenience and classic charm, featuring a beautifully preserved brownstone and redbrick façade, beautiful hardwood floors, high ceilings with crown molding, classic sash windows, chic built-ins, a private backyard patio, and a collection of lovely details including marble fireplaces and hand-laid floor tiles. Modern upgrades include a new central air system, fully renovated bathrooms throughout, and a smart home system allowing total control from your phone.
The home is currently configured as two private units with separate entrances but can easily function as a single-family townhouse via an existing interior staircase. The upper triplex boasts five bedrooms, three bathrooms, and access to the private patio. The parlor floor opens into an elegant entry hall with wainscoting and a chandelier and flows into a gorgeous eat-in kitchen with granite countertops, stone tile backsplashes, custom glass-fronted cabinetry, high-end appliances, and a breakfast nook with built-in banquette seating. Formal living and dining rooms complete the level.
The primary bedroom sits on the third floor and features a pair of reach-in closets and a Jack-and-Jill bathroom that leads into a second bedroom and includes double sinks, a walk-in shower, and a free-standing soaking tub. The fourth floor houses the remaining three bedrooms, a laundry room, and a full bathroom with a step-in shower and separate soaking tub.
The garden level includes two bedrooms, one bathroom, a large living and dining area, a pristine full bath with a large vanity and brass fixtures, and a spotless kitchen equipped with marble countertops, white cabinetry, a convenient pass-through, and a suite of high-end stainless steel appliances.
Situated in the heart of the Upper West Side, 120 West 87th Street is moments from the restaurants, bars, cafes, and shops that line Columbus and Amsterdam Avenues. It sits between Riverside and Central Parks, and is close to the American Museum of Natural History and the Jacqueline Kennedy Onassis Reservoir. Nearby subway lines include the 1/B/C.
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.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 |
|
---|---|---|---|
Loan Amount | $6,000,000 | $6,000,000 | $6,000,000 |
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 | $2,878 | $2,878 | $2,878 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,067 | $38,419 | $50,631 |
Total Monthly Payment | $37,070 | $41,422 | $53,634 |
* 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.