Buy with Yoreevo
$2,161,500
List Price: $2,200,000
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521 W 162nd Street
House in Washington Heights •  building info
studio
Buy with Yoreevo

$2,161,500

List Price

$2,200,000

Open Tue, Jun 23 (7am - 7:15am)
Key Details
Days on market
75
Last price change
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Estimated payment
$13,087/mo
Taxes
Maintenance
N/A
Description
Welcome to 521 West 162nd Street, an elegant, fully renovated three-family limestone-facade townhouse that represents an exceptional opportunity for an Owner-Landlord or Investor! This lovely 19-foot-wide residence is divided into a welcoming, loft-style Three-Bedroom Owner's Duplex and two beautiful Two-Bedroom rental apartments on the Parlor and Garden Levels. An Investor can expect an excellent cash on cash return (pro forma 6%) from the property! The Upper Level of the Owner's Duplex apartment features a beautiful open-plan loft-style living space with high ceilings, large windows and skylights for a wonderful sense of light and space, , exposed brick and rafters and hardwood floors, a gas fireplace and dining area, and a wonderful chef's island kitchen. Downstairs are three Bedrooms and two Bathrooms, one en-suite from the Master Bedroom which also features a Walk-In Closet, and Laundry. The two fully renovated Two-Bedroom apartments on the Parlor and Garden Levels of the house also feature exposed brick, open-plan Kitchen and Dining areas, and in-unit Laundry, and there is a sunny, well-kept Back Yard accessible from the Basement and Garden Levels. The potential rent roll positions the property to generate a very healthy return. This home is a short 15-minute walk to City College and is in close proximity to Columbia Presbyterian Medical Center, a stones throw from the Jumel Terrace historical district. The Broadway and St. Nicholas Avenue commercial corridors are within easy reach with shopping, restaurants, cafes, and bars. The C-line subway at 163rd Street and the M2, M3 and M100 buses are all within a few steps of the house. Showings are by appointment.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,200,000
Asking Price: $2,200,000
Term
30 Years
Down Payment
$220,000 (10%)
Min: 10% (220,000)
Rate
6.0 %
Mortgage Amount
$1,980,000
Mortgage Payment
$11,871
Taxes
$1,216
Estimated Yoreevo rebate
$38,500
Estimated closing cost
$81,000
Total monthly cost $13,087
Buy your dream home with us and get an estimated $38,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Harlem Lofts Inc.

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