316 PLEASANT AVENUE BETWEEN EAST 116 STREET and EAST 117 STREET IN NEW YORK CITY'S EAST HARLEM NEIGHBORHOOD
Rare and Fantastic Opportunity to Purchase Vacant Land in Manhattan in the Prime East Harlem Neighborhood with Approved New York City and State Building Plans of a Luxury 6 Story 8 Unit Condominium!
Gracious-sized lot measuring 25 Feet Wide by 98 Feet Long. Total Lot Area: 2, 450 Square Feet. Walls have been whitewashed, sealed (waterproofed) and the structure is ready for an incredible buildout.
6 (Six) Story Residential Condominium Building with Proposed 8 Units (14 Units Allowable) with Cellar and Penthouse Level. Building Plans are designed and certified by Angelo NG + Anthony NG Architects Studio P. C.
Approximate Residential Buildout Area Proposed: 9, 550. 80 Square Feet.
316 Pleasant Avenue is located around the corner/block from the area's prized East River Plaza Complex (Costco, ALDI Grocery, etc. ) and the East River where access to its lovely boardwalk path is within a 10 minutes walk in either direction.
Please inquire for more information about this property including the details regarding the approved plans for the condominium complex.
Block: 01715
Lot: 0049
Zone District: R7A
Zoning Map: 6B
Maximum FAR: 4. 0
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:
$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | $2,034 | $2,034 | $2,034 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,356 | $12,641 | $16,877 |
Total Monthly Payment | $13,515 | $14,800 | $19,036 |
* 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.