This XLarge Alcove Studio has everything you need, from high ceilings, to gorgeous open Western views , many closets, and a washer and dryer. 5th On the Park is a soaring 28 story shimmering glass tower with panoramic views. Located directly across from historic Mount Morris Park, 5th On the Park sets a new standard for luxury condominiums in Harlem. Building amenities include 24 hour attended lobby with both doorman and concierge, 6th floor 55- ft indoor heated lap pool with adjacent sundeck. 13th floor Resident lounge with catering kitchen, flat screen TV and blu-ray DVD player, free wifi and furnished outdoor space with gas grills. On-site valet parking garage, playroom and state of the art fitness center offer the ultimate total luxury lifestyle. 1485 Fifth Avenue is moments from Harlem’s Restaurant Row, Whole Foods Market, and just a few blocks from Central Park and The Apollo Theater. Public transportation options include several local bus lines, Metro-North Railroad, and the 2/3/4/5/6 subway lines. Pets are welcome. The building was built in 2009 and has a 421-A Tax Abatement until 2031.
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Our Executive Mortgage Banker:
Our Insurance Division:
$600,000
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 | $480,000 | $480,000 | $480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $67 | $67 | $67 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,153 | $3,153 | $4,018 |
Total Monthly Payment | $3,312 | $3,312 | $4,177 |
* 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.