Spacious, sunny, top floor, 9’ ceilings, are just some of the attributes of this 1 bedroom/1 bathroom apartment, in the heart of Harlem. The apartment is pin-drop quiet & sun-filled with open city views south from a 48sf south facing private balcony. There is a large kitchen with stainless appliances and granite countertops, wide plank Brazilian cherry hardwood floors, an oversized bathroom, abundance of closets, thru-wall PTAC for a/c & heat. The king-size master bedroom has a huge walk-in closet. This newly constructed Condo, completed in 2018, is equipped with an energy efficient 350kw back-up generator that affords the condo low common charges and that combined with the $25 monthly real estate tax make this a tremendous value. There are also 24 years left on the 421A tax abatement. Additionally, the building is wheelchair/disabled accessible, has a Virtual Doorman, package room, 2 elevators, live-in resident manager, gym and common laundry room. There is a 2500sf stunning teak-furnished roof terrace with premium grass turf floor, ivy privacy walls and panoramic views. Private rooftop cabanas, storage cages, bike storage as well as covered & un-covered on-site parking in the back equipped with electric vehicle charging stations are available for lease. The convenient Central Harlem location is a few blocks from the 2, 3 trains, buses, shopping, Bronx Terminal Market mall, parks and City College. You’ll also find supermarkets, restaurants, bars, cafes and other services along 5th Ave, Lenox Ave, Seventh Ave, Frederick Douglass Blvd and Edgecombe Ave.
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$698,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $558,400 | $558,400 | $558,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $25 | $25 | $25 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,715 | $3,711 | $4,788 |
Total Monthly Payment | $3,832 | $3,828 | $4,905 |
* 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.