S1-zoned brownstone on the Upper West Side goes to auction on November 13, 2019, with a lien of nearly $7 million. The auction will take place at 2 p.m. at 60 Centre Street New York City.
128 West 95th Street was purchased in 2006 for $4,325,000 with a mortgage of $4,336,679 taken out on the same day from North Fork Bank. A $5 million agreement was also signed with North Fork Bank on the same day. In 2007 an additional mortgage was taken out from First Republic Bank for $867,872, and the original mortgage was refinanced through First Republic Bank, putting the total debt attached to the property at $$5,740,000.
In 2015, the mortgage was assigned to Charlev, LLC, with the entity filing the first lis pendens the same year. That original $5,740,000 lis pendens expired August 2018, but the creditor renewed the same month. The renewed lien remains valid through 2021, thus leading to the foreclosure of the property. The foreclosure judgment was handed down in September 2019 for $6,868,846.
A Comps search shows the estimated market value of the property at $9,994,000. This is based on an analysis of nine similar properties located within one mile of 128 West 95th Street that sold within the last six months.
Built in 1900, the brownstone at 128 West 95th Street features 5,500 square feet spread across four stories and a full, above-grade basement. The property comprises 3,500 square feet of residential space and 2,000 square feet are office space. It is well situated for mass transit, with just a four-minute walk to the Broadway and 96th Street Station and the 1,2 and 3 trains.
Disclaimer: As with any auction, we recommend performing thorough due diligence and running your own comps to find out how much the property is worth. Information provided in this article is not, and should not be regarded as, investment advice.