Welcome to Apt. 8D, a bright and cheerful 1-bedroom, 1-bathroom home perfectly situated in the heart of the Upper East Side. The spacious south-facing living room is bathed in natural light, creating a warm and inviting atmosphere. The kitchen offers ample storage and counter space. A hallway leads to the generously sized bedroom, featuring a walk-in closet. The bathroom is easily accessible from the bedroom hallway. Best of all, this home offers exceptional closet and storage space throughout.
401 East 86th Street is a meticulously maintained co-op offering an array of exceptional amenities. Residents enjoy the convenience of full-time doormen, live-in resident manager, first-class gym, landscaped roof deck, a garage, on-site laundry and storage available for rent. The building allows for 75% financing, in-unit washer/dryers, pets, co-purchasing, guarantors, parents buying for children, and pied- -terre. Note, there is a monthly assessment of $138. 33 for building improvements.
401 East 86th Street is ideally situated, with close proximity to Carl Schurz Park, Asphalt Green, the city's best restaurants, museums, shopping and schools. Transportation is a breeze with every convenience, including the Q and 4/5/6 trains, the M86 crosstown bus, and easy access to the FDR Drive.
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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 | $584,000 | $584,000 | $584,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,885 | $3,881 | $5,007 |
Total Monthly Payment | $3,977 | $3,973 | $5,099 |
* 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.