SPACIOUS 2BDR/2BTH HOME AT FIFTH ON THE PARK Situated on the 10th floor of one of the most desirable condominiums in South Harlem with bright morning Eastern exposure and light in every room. This thoughtfully laid-out two (2) bedroom, two (2) full bathroom home is perfect for any layout. Upon entry there is a large foyer entryway with double coat closet, and open kitchen layout. The sizable kitchen is outfitted with granite countertops and opens into a dining alcove. The living room has plenty of space for an additional home office and the home has Brazilian hardwood floors throughout. The bedrooms are set aside from the living space and the second bedroom is generously proportioned with a large double closet, and adjacent second bathroom. The Master bedroom is huge and easily accommodates a King-sized bedroom and is accompanied with two generously sized walk-in closets. The en suite Master bath has double-wide soaking tub and a separate stall shower. Other features of the unit include a full-sized Washer/Dryer, high ceilings, and tons of storage space. 1485 Fifth Avenue is an amenity-rich Full Service building with a 24-hour doorman, indoor swimming pool, fitness center, children’s playroom, parking garage, roof deck and a live-in superintendent. Located on the southern border of Marcus Garvey Park which has multiple playgrounds, outdoor pool and renovated amphitheater for performances. Conveniently located near public transportation including the 2/3 and 6 trains, the new Whole Foods, and plethora of dining options on Lenox Avenue.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,800
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 | $3,840 | $3,840 | $3,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $26 | $25 | $32 |
Total Monthly Payment | $101 | $100 | $107 |
* 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.