Discover the elegance of The Paterno building, an architectural masterpiece in the heart of Morningside Heights, two blocks way to Columbia University. This iconic pre-war building offers stunning views of the Hudson River and Riverside Park, blending classic charm with modern amenities. Step into a world of refined living with spacious, light-filled apartments featuring high ceilings, hardwood floors, and meticulously crafted details. Enjoy the convenience of a 24-hour doorman, porte-cochere, bike room, laundry room, and live-in super. Located just steps away from Columbia University, vibrant dining, and cultural landmarks, 440 Riverside Drive is where timeless sophistication meets contemporary comfort. Experience the pinnacle of NYC living at 440 Riverside Drive! The Paterno is conveniently situated at the intersection of Riverside Drive and West 116th Street. This prime location in Morningside Heights offers easy access to Riverside Park and is just a short walk from the bustling streets of Broadway and the 1 train at 116 Street. Key features: Doorman Elevators Central laundry room Live-In Super Large enclosed porte cochere with marble and stained glass lobby One block from 116th Street subway at Columbia University Architecturally distinguished facade. Additional door on Claremont and 116th St Neighborhood: Welcome to Morningside, NYC! Nestled between the iconic Columbia University and the lush expanse of Morningside Park, this vibrant neighborhood is a hidden gem. With its historic brownstones, tree-lined streets, and a lively arts scene, Morningside offers a perfect blend of old-world charm and modern urban living. Enjoy cozy cafes, eclectic eateries, and unique boutiques, all within a stone's throw from Central Park. Whether you're a student, professional, or family, Morningside's welcoming community and cultural richness make it a delightful place to call home. Come experience the best of NYC in Morningside!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,999
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 | $2,399 | $2,399 | $2,399 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $15 | $15 | $19 |
Total Monthly Payment | $90 | $90 | $94 |
* 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.