THE UNIT: A truly exceptional unit w/ an expansive feel thanks to an oversized floor plan & dreamy layout that deliver ideal flow and max function throughout at approximately 800 square feet. From the front entrance, step inside to a main foyer fit for a proper entryway set-up that gets you in and out the door w/ everyday ease, comfort and convenience. Go straight ahead to the main living area - or go left and take a central hall w/ closets on either end though the rest of the apartment. A spacious living room w/ ample square footage easily accommodates tv and seating, formal dining and even a 3rd and 4th use such as a home office. An updated, windowed eat-in kitchen w/ stainless steel appliances, a dishwasher, plentiful cabinetry and counter space, mosaic tile backsplash and most notably, a separate dining area that fits table seating for at least 4 adults (or double breakfast bars perhaps!) - and that also makes for yet another great flex space option. Beyond the kitchen and around a corner, the hall widens to fit a deep bureau w/ east and leads to a spacious, updated, windowed bath w/ shower/tub combo and tile floors. As a grand finale, enjoy a massive corner bedroom w/ a large closet, dual exposures and all the extra, flexible wall and floor space for multi-function use here as well if you so choose! Other special unit features include charming archways, gorgeous hardwood floors, oversized windows, high ceilings, detailed crown moldings and much more. . . a wonderful place to call home! THE BUILDING/LOCATION: The Thomas Edison is a mid-rise, pre-war co-op located along the beloved Austin Street just before Forest Hills meets Kew Gardens near literally all - public transportation (E/F/M/R subway, express & local buses & LIRR, ) commerce, entertainment, major highways, parks and much more. Building amenities include a grand lobby, live-in super and full maintenance staff, video main intercom system w/ remote entry and management capabilities from your phone, fitness gym, free bike room, additional storage options, common area camera surveillance, laundry room, outdoor garden and an elevator on each of 2 wings. No in-building parking, though available public garages w/ monthly rental options nearby. Enjoy the well-maintained, easy, safe, convenient and friendly living you deserve! OTHER: Board application & approval required. Minimum down payment = 20%. No dogs. Cats ok. NO FLIP TAX. UNLIMITED SUBLETS after 2 years of ownership in 1 year lease terms w/ Board approval. Maintenance includes all utilities (heat, hot water, cooking gas) except electricity.
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Our Executive Mortgage Banker:
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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 | $199,920 | $199,920 | $199,920 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,330 | $1,329 | $1,714 |
Total Monthly Payment | $1,405 | $1,404 | $1,789 |
* 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.