Tax Abatement Active Until 2031! Welcome to this renovated 2-bedroom, 2-bathroom condo located at 1400 5th Ave in Manhattan, NY. This unit offers a luxurious living experience with a total of 1023 square feet of living space. As you step into this home, you are greeted by Northern, Eastern, and Northeastern exposures that fill the space with natural light. The renovated kitchen boasts top-of-the-line appliances, including a gas stove, marble countertops, and a pantry for added storage. The breakfast bar and kitchen dining area provide the perfect space for entertaining. The primary ensuite bathroom features a Jacuzzi tub and a soaking tub, providing a spa-like retreat within the comfort of your own home. The condo also includes soundproof and dual pane windows, ensuring a peaceful and quiet environment. Residents of this building have access to an array of amenities, including a gym, playroom, and resident's lounge. The full-time doorman, elevator access, and attached parking provide convenience and security, while the common garden and courtyard offer outdoor spaces to relax and unwind. This is an Eco-Green Certified building. With central AC and heating, laundry facilities on every floor, and ample storage options including a bike room and common storage, this condo offers a comfortable and convenient lifestyle. There is an income restriction of $284, 250 per household, and a J51 Tax Abatement remaining until 2031. Don't miss the opportunity to make this exquisite condo your new home in the heart of Manhattan. Open House by Appointment Only with 24 hour notice!! Reach out to the listing agent for a private showing today!!
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Our Executive Mortgage Banker:
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$850,000
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 | $680,000 | $680,000 | $680,000 |
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 | $16 | $16 | $16 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,022 | $4,298 | $5,830 |
Total Monthly Payment | $4,130 | $4,406 | $5,938 |
* 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.