Condop Loft Studio at the Foundry! This serene studio offers an open floor plan for loft-style living, plus soaring 10-foot ceilings and oversized South facing windows. The flexible living space holds endless possibilities and has a separate sleeping loft with an abundance of storage. Southern exposures feature a bright view of a garden courtyard and serene tranquility from city noise. The Foundry, a pre-war converted factory building, offers a newly designed planted roof deck, common laundry facilities, bike room, storage, video intercoms and a resident superintendent. Convenient amenities nearby include a grocery store across the street. Neighborhood hot spots include the Union Square Market, Pete's Tavern, Friend of A Farmer, Casa Mono and much more! Nearby trains include 6, N, R, and W at 23rd street and the L at 1st Avenue. This flexible pet-friendly CONDOP allows guarantors, parents buying with/for children, pied-a-terres, and unlimited subleasing after one year. Live/Work is OK. Up to 80% Financing. 2% flip tax in place.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$525,000
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 | $420,000 | $420,000 | $420,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,759 | $2,759 | $3,516 |
Total Monthly Payment | $2,851 | $2,851 | $3,608 |
* 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.