Location, location, location - are always the first three rules in real estate, but what's the fourth? Great design with functional space. The smart and sophisticated studio apartment that you have been searching for is now available for sale. The open space and unique design of the studio maximize lifestyle without having to compromise living. The kitchen is a cook's dream with plenty of room to whip up delicious meals, in-unit full sized washer and dryer and large entry closet, large bathroom with soaking tub, plus a convertible murphy bed/office, dining area and living room. Tall ceilings, over nine feet, seven-foot-tall west facing windows, privacy blinds, views and a building with everything make this a smart choice for your first or next home. The Toren offers the full amenities of a new luxury building plus the added benefit of low common charges and real estate taxes with an abatement in place until 2035! Doorman, gym, pool, roof deck, yoga room, library, plus easy transit options and one block to City Point. Full-service building, luxury amenities and low real estate taxes make this studio at the Toren the perfect perch. Information deemed reliable but not guaranteed. Equal housing opportunity. Income restricted unit.
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Our Executive Mortgage Banker:
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$549,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,200 | $439,200 | $439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $12 | $12 | $12 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,669 | $2,669 | $3,471 |
Total Monthly Payment | $2,773 | $2,773 | $3,575 |
* 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.