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New York (Upper West Side), NY, 10023 | $475,000
Investor-Friendly, Studio / Easily Convertible One-Bed in Prime Upper West Side
Welcome to The Berkeley at 170 West 74th Street-an extraordinary pre-war gem offering unmatched flexibility, plus both ownership and investment potential in the heart of the Upper West Side. This extra-large studio easily converts to a one-bedroom and is located in an investor-friendly co-op that operates with condo-like policies: unlimited subletting from day one, easy application process, pied- -terre ownership, gifting, co-purchasing, guarantors, and flexible financing are all allowed.
Bathed in natural light, this dramatic home features oversized windows with open city skyline views, high-beamed ceilings, hardwood floors, and spacious rooms filled with pre-war charm. A gracious entry foyer, a windowed bathroom, and two oversized walk-in closets enhance both functionality and style. The apartment is currently configured as an oversized studio and can be easily converted to a one-bedroom by simply adding a wall. Certain photos are virtually staged with furniture. Alternative floorplan is subject to board approval.
The Berkeley spoils residents with white-glove amenities including a full-time doorman, live-in superintendent, porter, fully equipped laundry room, and stunning artful lobby. There are two passenger elevators and a service elevator for convenience.
Located directly across from Verdi Square Park and minutes from the 1/2/3 subway lines (and just a short walk to the B/C trains), this location offers ultimate convenience. Beloved neighborhood favorites like Levain Bakery, Trader Joe's, Citarella, Fairway, Westside Market, and a multitude of restaurants and cafes are just outside your door. Lincoln Center, the Beacon Theatre, and the Metropolitan Opera provide world-class entertainment minutes away.
With no flip tax and a high investor ownership ratio, this unit is an excellent choice for buyers seeking a flexible, high-demand property in one of Manhattan's most cherished neighborhoods.
Features
- Town: New York
- Cooling: Other
- Levels: 12
- Rooms: 2
- Baths: 1 full
- Laundry: Building None
- Complex: The Berkley
- Year Built: 1913
- Common Charge: $1,383 Monthly
- Approx Sq. Feet: 650
- View: City Lights,City,Park/Greenbelt,Panoramic
- Pet Policy: Building Yes,No
- MLS#: RLS20025550
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/RLS20025550/170w74thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Douglas Elliman Real Estate Phone: (212) 891-7000
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888.699.8876
Contact@raveis.com
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
New York (Upper West Side), NY, 10023
$475,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $380,000 | $380,000 | $380,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 7.125% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.360% | 7.290% | 6.404% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,592 | $2,560 | $3,232 |
| Total Monthly Payment | $2,667 | $2,635 | $3,307 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535