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This stately brick beauty offers a residential opportunity and includes three contiguous tax parcels with immense possibilities! The sprawling, 5, 128+ square foot 3+ level building offers residential, or mixed use. Meticulously maintained with hardwood flooring as well as wall to wall carpeting, and full operating kitchen on the second floor. There are two finished basements, the main level is made up of mostly open spaces with restrooms and two staircases that access the second level that was most recently used as a living quarters and includes a partial third level of additional living space, studio or office. Natural light floods throughout. The large eat in kitchen includes granite counter tops and high-quality wood cabinetry with stainless steel appliances. There is a freight elevator that accesses both basements, and the main and upper levels to do the heavy lifting. Other features include high tech matrix wiring in place, a security system as well as an exterior sprinkler system for easy management. Don't miss the view from the rear screened and open porches and the covered front porch of this stately building. The property includes the main building and detached garage with three overhead garage doors, as well as two separate buildable tax parcels. These lots can be kept for expansive parking, improved upon or sold individually. This property fronts both Albany Avenue and Manor Place with the town park across the street. The vacant land has the same zoning, with additional uses ranging from an arcade to a salon, commercial, and, most desirable, apartments (also single-family). The large parcel of vacant land has approximately 75 feet of frontage on the back street (Manor Place) and is 100 feet deep before it narrows to Albany Avenue. The zoning allows for 70/30 ratio building lot coverage, and buildings can reach up to 2. 5 stories. There is no parking requirement; however, pavement coverage is a factor in the area's overall coverage. In theory, a buyer could put up an 8-unit apartment building or larger on this vacant parcel. Setbacks on the vacant land are 10 feet in the rear, 5 feet on the side.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 | $719,200 | $719,200 | $719,200 |
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% | 6.739% | 6.183% |
Monthly Tax Payment | $2,042 | $2,042 | $2,042 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,084 | $4,605 | $6,069 |
Total Monthly Payment | $6,218 | $6,739 | $8,203 |
* 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.