This lovely one-bedroom, one-bathroom Gramercy home shines with an expansive layout, including a separate office, a king-sized bedroom and excellent storage space at Quaker Ridge, a beloved full-service cooperative. Inside this spacious and bright home you will find custom lighting, hardwood and stone tile floors, wide art walls and oversized windows with northern and western exposures. The thoughtful open layout flows from a dining area to a large living room. Sliding doors open to a converted, windowed space perfect for a home office, kid's room or guest area. Alternatively, take the wall down and expand the living area even more. In the separate kitchen, abundant floor-to-ceiling wood cabinetry with quartz counters and tile backsplashes surround stainless steel appliances, including a gas range with double ovens and a dishwasher. The king-size bedroom offers two custom closets plus plenty of room for a sitting area, while the adjacent updated bathroom boasts a large tub/shower, roomy vanity, floor-to-ceiling tile and contemporary fixtures. Another walk-in custom storage closet and newer heating and cooling units in the living room and bedroom add comfort and convenience to this gorgeous Gramercy home. There's plenty to love about Quaker Ridge, a revered postwar co-op known for its excellent financials and low maintenance. Residents enjoy full-time doorman service and live-in superintendent, modern laundry facilities, private storage, bike storage and a residents-only parking garage with direct access to the building. Quaker Ridge allows co-purchasing and pets but does not permit guarantors or pieds-à-terre. Please note, there is a monthly energy charge of $105 already included in the maintenance, which adjusts quarterly. There is currently a monthly assessment of $304 through December 2024. Here in the heart of Gramercy — just minutes from Union Square, the Flatiron District and NoMad — you're at the epicenter of exciting Manhattan living with abundant shops, restaurants, services and outdoor space at every turn. Union Square and Madison Square Park, greenmarkets and year-round events are mere blocks away, and foodies will love the proximity to Whole Foods, Trader Joe's, Eataly and the newly opened Garden of Eden right outside your doorstep. Access to transportation is fantastic with 4/5/6, N/Q/R/W and L trains, excellent bus service and CitiBikes nearby.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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Sarah.DeFlorio@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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,148 | $3,148 | $4,011 |
Total Monthly Payment | $3,240 | $3,240 | $4,103 |
* 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.