The perfect pied a terre in a fantastic location. Discover the epitome of New York City living in this prestigious prewar cooperative apartment flooded with light from southern exposures in all rooms but the kitchen. The views are open and long. Located on a high floor, this 2-bedroom, 2-bathroom residence has prewar details, high ceilings, hardwood floors and a wood-burning fireplace, The renovated kitchen has stainless steel appliances, including a Viking range, Sub Zero Refrigerator, dishwasher, and microwave. It is eat-in, with a window, granite countertops, and custom cabinets. Both bathrooms have been updated and have windows. A vented washer/dryer negates the need for leaving the apartment to do laundry. Enjoy the convenience and security provided by full-time staff, including an attentive resident manager, always ready to assist. The building has a fitness center and a garden for the use of its tenants. The apartment transfers with a large storage cage. 164 East 72nd Street allows pets, pieds--terre, co-purchasing and guarantors. It is located in the heart of the Upper East Side, known for its many good restaurants, shopping and cultural institutions. All windows must be replaced within 6 months of a purchase, but the sellers will assume the expense and manage this project before closing. This is a value of approximately $50, 000. There is a monthly capital assessment of $1, 087. 71 until March 31, 2026. The Flip tax is 2%
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William Raveis Real Estate
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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 | $712,000 | $712,000 | $712,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,987 | $4,326 | $5,865 |
Total Monthly Payment | $4,079 | $4,418 | $5,957 |
* 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.