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Residence #6E is a spacious open layout with eastern exposure that basks in abundant natural light. This elegant home features floor-to-ceiling windows with double-height ceilings at 17ft in the living room. The open kitchen concept includes Silestone countertop with a premium stainless steel appliance package, including a Liebherr refrigerator, Bosch dishwasher, and vented Bertazzoni hood and gas range. The appliances are complete with LG washer and dryer combo. The windows are dressed with customized shades, with motorized shades in the living room. This unique home has not one, but two king-sized bedrooms complete with a sizable balcony and porcelain tile floors.
Residence #6E is one of the very few apartments with 421a tax abatement still in effect. With combined common charges and real estate taxes under $600 per month, total monthly expenses at Residence #6E is the lowest and a mere fraction of other 2-bed condos on the market. Best of all, the asking price includes a deeded storage room.
The Arcadia LIC is a boutique condo building built in 2018. Amenities include a virtual doorman intercom system, a fitness room, and a common outdoor terrace. Nestled in the prime transportation hub of Long Island City, The Arcadia offers subway access to eight different lines -- 7, N, W, E, M, R, F and G – with a mere 5-minute train ride to Manhattan or Brooklyn. It is also in close proximity to the Ed Koch Queensboro Bridge, LIE/Midtown Tunnel, BQE and Pulaski Bridge providing easy access to all NYC airports.
Neighborhood amenities include Trader Joe’s, Target, Michelin-rated restaurants and cafes. Easy access to public parks including, Gantry Plaza State Park, which showcases beautiful panoramic views of the Manhattan skyline.
Some photos have been virtually staged.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,375,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,100,000 | $1,100,000 | $1,100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,507 | $6,953 | $9,432 |
Total Monthly Payment | $6,632 | $7,078 | $9,557 |
* 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.