Thoughtful studio living awaits in this nicely updated, spacious co-op featuring generous storage, low monthly maintenance and a Jackson Heights just blocks from the subway. Inside this lovely home, tall ceilings, fresh paint, pale hardwood floors and large windows create a light and bright ambiance. A large entry alcove provides the perfect setting for a dining or home office area. Ahead, the main living space offers a generous footprint for seating and sleeping areas surrounded by eastern and southern exposures. Head to the updated windowed kitchen to discover crisp white cabinetry and countertops, subway tile backsplashes and stainless steel appliances, including a gas range, refrigerator and dishwasher. A large dressing room flanked by three roomy closets leads to the delightful windowed bathroom featuring a large tub/shower, pedestal sink and classic Mamie Pink tile. 37-51 86th Street is a handsome postwar brick building where residents enjoy a large lobby with a separate mail area, an elevator and a card-operated laundry room. Eighty-percent financing and subletting after three years is permitted with board approval. On this Jackson Heights block, you're surrounded by abundant international dining destinations, shopping venues and a Planet Fitness location. Three blocks north, Paseo Park — the 26-block-long 34th Avenue Open Street — features a permanent pedestrian plaza, wide bike lanes and community events. Enjoy world-class recreation and entertainment at Flushing Meadows Corona Park, the USTA Tennis Center, Citi Field and the upcoming New York Football Club stadium complex. The 7 train is just three blocks away, while E, R, and F/M trains, excellent bus service, the BQE, and LaGuardia Airport provide easy access to the rest of the city and beyond.
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Our Executive Mortgage Banker:
Our Insurance Division:
$225,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
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 | $180,000 | $180,000 | $180,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,182 | $1,182 | $1,507 |
Total Monthly Payment | $1,257 | $1,257 | $1,582 |
* 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.