New to the Market!
OPEN HOUSE BY APPOINTMENT ONLY
Welcome to Varma Cooperation one of the 1st original Coop buildings in NYC, built in 1924 this building has remarkable charm. Just minutes away from 161st street Yankee stadium where you'll find all express transportation for your daily commute to and from NYC.
Just one flight up you'll find the beautifully renovated front facing large one bedroom one bathroom layout Gerard Ave has to offer. This unit is equipped with freshly polished shimmering hard wood floors throughout, a spacious separate windowed eat in kitchen, not to mention an abundance of closet space including a walk-in bedroom closet and a tall and deep pantry closet . Unit 1E is one of the largest rarely available 1 bedroom floorplans in the building. With a Low Maintenance of $494 coupled with a low down payment of only 10% this could be a 1st time home buyers dream!
Near all your express transportation including the B, D and #4 trains, Metro north, express buses, city bikes, Shopping mall, local shops and eateries, an abundance of parks just a short distance away.
Why rent ? When YOU can OWN for LESS?
Board Approval required, Pet Friendly, Laundry In building, Live in Super, Property Management, No sponsor unit, no elevator
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$234,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $187,920 | $187,920 | $187,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.421% | 6.644% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,266 | $1,282 | $1,624 |
Total Monthly Payment | $1,341 | $1,357 | $1,699 |
* 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.