Introducing residence 2D, a prewar home exuding elegance and sophistication, nestled within one of NYC's finest cooperatives. This south-facing gem offers stunning views of the rear Southgate gardens and features exquisite renovations, including refinished original hardwood floors, a grand and intricately detailed living room with a beamed ceiling, four closets (two of which are walk-in), a wood-burning fireplace flanked by custom bookcases, and a spacious formal dining area adorned with a mural on canvas painted by Andrea Biggs in 2005, capturing the Hudson River School. The renovated windowed kitchen boasts Macre African cherry cabinetry from the D&D Building, granite countertops, and stainless-steel appliances. The large primary bedroom includes an en-suite, windowed bathroom and a generously sized walk-in closet. Enjoy the exceptional tranquility and spacious living offered by this residence. Situated within The Southgate, a distinguished pre-war property developed by the renowned Bing & Bing and designed by Emery Roth in 1927, this cooperative is located on a picturesque, tree-lined street with captivating views of the East River and Queensboro Bridge from the cul-de-sac. The full-service cooperative is pet-friendly and allows for guarantors, co-purchase, gifting, and pieds-à-terre. Financing of up to 80% is permitted, and maintenance includes electric, water, and heat. Residents benefit from a 24-hour doorman, live-in super, on-site management, as well as amenities such as storage, a laundry room, an outdoor play area, and a serene landscaped garden. The neighborhood offers an array of attractions, including fine and casual dining, bookshops, boutiques, and convenient public transportation. Nearby amenities such as Peter Detmold Park & Dog Run, the new East River Greenway (currently under construction), and a variety of shopping venues, including Trader Joe’s, Whole Foods, Morton Williams, The Cheese Shoppe, and Midtown Catch, further enhance the neighborhood's appeal. Pet-friendly policies, guarantor options, gifting, co-purchase, and pieds-à-terre are all permitted within this exceptional community. There is an ongoing assessment of $315. 90/mo until July 2027, which will be paid off by the seller before closing.
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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 | $628,000 | $628,000 | $628,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,284 | $4,174 | $5,385 |
Total Monthly Payment | $4,376 | $4,266 | $5,477 |
* 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.