HANDYMAN SPECIAL!!!. . . Attention DIY enthusiasts and those ready to roll up their sleeves! Here's a golden opportunity to stake your claim in New York City's vibrant real estate scene with this fixer-upper gem! Located in Wakefield, this generous 1-bedroom, 1-bathroom coop apartment is bursting with potential. Envision redesigning this apartment, making it your own with your unique style. The spacious layout spans an impressive 900 square feet and includes a roomy eat-in kitchen, separate dining area, and a substantial living room - a canvas just waiting for your imaginative touch. Boasting beautiful high ceilings, this ground-floor unit is set in an elevator post-war low-rise building that gives an absolutely stunning ambiance. The potential beauty of the hardwood floors is merely a sanding and a glaze away from being restored to their former glory. Add in a fresh coat of paint after redoing the kitchen and bath and you have a top notch apartment at a discounted price. This distinctly well-located property is just a few short blocks from both subway and Metro-North transportation, ensuring easy commutes. Plus, having laundry facilities on-site and available garage parking adds an extra layer of convenience to your urban lifestyle. And, with a bit of love and care, this could become your perfect sanctuary in the heart of the city. Take note; no subletting allowed so this unit is strictly for end-users, opening up the exciting opportunity for you to transform this space into the home of your dreams. Why wait! Come and see why this diamond in the rough is an opportunity too good to pass up! Don't hesitate, this chance won't last! Reach out right now to schedule a viewing along with your contractor and start imagining your dream home today!
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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 | $78,800 | $78,800 | $78,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $538 | $524 | $676 |
Total Monthly Payment | $613 | $599 | $751 |
* 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.