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83 Jane Street
New York, NY 10014
Stephen Ferrara with Compass, original listing -
$17,450,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4
Property Type
Conventional
Square ft
6090 Square Feet
Property Description
Rare Opportunity: 23' Wide Townhouse on Jane Street For the first time in 25 years, 83 Jane St emerges onto the market, offering a rare chance to own a piece of Manhattan's history in this prized West Village location. With a rich heritage in the Bayard and Ludlow estates, dating back to the mid-1800s, this residence seamlessly blends historic charm and modern sophistication. Conveniently located on famed Jane St, this home sits amongst some of downtown Manhattans' most prestigious and significant properties. Thoughtfully renovated in 1999 to transform it into a single-family residence, this townhouse offers modern amenities for effortless living, including an elevator and fully built roof deck. This expansive home spans five floors and boasts over five generously appointed bedrooms, including a library and additional study for added versatility. With four full baths, two half baths, four wood-burning fireplaces, and over 6,000 square feet of interior living space, this home offers both scale and comfort. Step outside to indulge in almost 2,000 square feet of outdoor space, including a roof deck offering city skyline views and a two-tour garden allowing light to illuminate to the lower level of the home. With a full-width cast iron balcony at the second floor with three French doors leading out to it, there is a rare touch of the Anglo-Italianate style. Don't miss this unparalleled opportunity to own a piece of New York City's architectural legacy. With its prime location, spacious interiors, and timeless elegance, 83 Jane St awaits its next discerning owner to call it home.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Townhouse
Year Built
--
MLS Number
--
Location
Address
83 Jane Street
City
New York
State
NY
Zip Code
10014
County
NEW YORK (LOWER MANHATTAN)
Listing
Provider
Name
Phone
(212) 784-6005
Office Name
Office Phone
Agent Name
Stephen Ferrara
Agency Phone
(646) 586-8268

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.