Welcome to Residence #122, a truly unique New York offering situated on the 12th floor of this historic pre-war cooperative situated on the corner of 105thand Riverside Drive. Boasting 30 feet of unobstructed river and park views, the home is flooded with natural light throughout the entire day given its Western, Eastern and Southern exposure. Every single room in the property is windowed, totally 11 throughout the space. Originally designed as a classic 6, this property presents an opportunity to enjoy the over 650 square feet of entertainment space or create and additional corner bedroom. Both the primary bedroom and living room are situated on the Western and Easter corners of the building creating not one, but two, highly desirable rooms with double corner exposures. Every inch of the property was refurbished, including kitchen and bathroom enhancements providing a turnkey opportunity.
325 Riverside Drive is nestled in the Riverside Drive historic district and stands thirteen stories high. The handsome limestone and red brick fa ade features 52 apartments. Built in 1920 by Gaetano Ajello and incorporated in 1984. Mr. Aiello was a New York based architect originally from Sicily who become renowned for his Renaissance architecture and neoclassical architecture styles famously know for designing lobbies with curved balustrade staircases at the entrance of buildings to recreate the experience of entering a single family home.
Building Amenities:
Flip Tax: The greater of $20 per share or 2% of the gross sale price, paid by the purchaser.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,600,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,871 | $7,572 | $10,544 |
Total Monthly Payment | $6,996 | $7,697 | $10,669 |
* 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.