This beautiful 2-family townhouse, which is 17 feet wide and has 10-foot ceilings on the Parlor floor, was built in the first decade of the 20th Century and retains period features including original fireplaces and crown molding.
The property will require a renovation, and represents a great opportunity for a prospective buyer to move into the heart of Washington Heights for a very reasonable price. It comes with Certificate of Occupancy and will be delivered vacant at closing.
The property sits in a rent-centric neighborhood of Washington Heights, close to New York Presbyterian Hospital and Columbia Medical Center and between the Jumel Terrace Historic District and Audubon Park Historic District. The C line 163rd Street subway station is just around the corner, and the 1 line 157th Street station is four blocks away. It is just a short walk to High Bridge Park, and shopping, restaurants, the post office and amenities along the Broadway corridor are within easy walking distance.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more