Spacious 2 bedroom/2 bathroom with 2 private outdoor balconies now available for sales in a coveted Harlem location in a doorman, elevator building. No income restrictions for this unit and maintenance is tax-deductible. This top floor, triple exposure apartment is not to be missed! The apartment has natural sunlight all day long from the south, west and north exposures and features a direct view of Marcus Garvey Park. The large living room can easily accommodate a full size dining table along with furniture for entertainment and a home office area. Off from the living room is one of the two private terraces with direct park views. The kitchen is renovated and has modern white lacquer cabinetry, stainless steel appliances, quartz countertops and white tile backsplash. The primary bedroom has south and east exposure and is large enough to fit a king size bed and features an ensuite bathroom with shower stall. There is also a private 70 sq foot terrace off the primary bedroom. The secondary bedroom has north and west exposure and is large enough to also fit king size bedroom furniture. The Madison Park Apartment is a full-service cooperative with a 24-hour doorman, live-in super, renovated hallways & common spaces, gym, common courtyard with BBQ grills, bike room, central laundry room and private storage available for rent. Gifting and guarantor allowed. Subletting allowed after 1 year. Flip tax to be paid by the buyer. $150/month for capital assessment. Conveniently located directly across from Marcus Garvey Park, 10 minutes walk from Central Park, minutes from the retail on 125th St (Whole Foods, Target, Costco) and near all the famous eateries (Red Rooster, etc. ) of Harlem as well as the near the 2/3/4/5/6 and Metro North trains. Apartment is tenant occupied and showings require advance notice.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,992 | $3,988 | $5,060 |
Total Monthly Payment | $4,084 | $4,080 | $5,152 |
* 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.