Smartly renovated first-floor 2-Bed/1-Bath home in the Madison Avenue HDFC, Central Harlem, off Fifth Avenue. Open-plan windowed kitchen features a large, granite countertop island, and stainless steel appliances, great for casual dining! New bathroom features a double-width walk-in shower. Two sizable bedrooms, each with ample closets. High ceilings and hardwood floors throughout. Street views from the North exposure, lovely pocket park views from all other East facing windows. Excellent value as your primary residence. Centrally located, minutes from Harlems’ 125th Street central shopping area where you’ll be delighted to find Whole Foods, Trader Joe’s (opening soon), Bed Bath & Beyond, DSW, Marshalls, and a host of other retailers and services. Harlem’s restaurant row at your front door with an eclectic mix of dining experiences on Lenox and Frederick Douglass. Harlem is culturally rich with art galleries and many other cultural institutions all within your reach, including the renewal of nearby Studio Museum and National Black Theatre. Marcus Garvey Park offers free concerts and other cultural events as part of the citywide “SummerStage” series. Convenient transportation includes the 2/3, B/C subways, M7, M102 buses nearby on Lenox Avenue. Metro North Railroad at 125th/ Park Avenue offers a quick getaway. City College, Columbia University, and Touro College are easy commutes. Madison Avenue HDFC is a unique co-op that consists of 12 buildings with 5 private parks, accessible to residents only. There’s a community room available for events, and a laundry facility for the complex. Financing up to 80%. Gifting/Co-purchasing allowed. No assessments or flip tax. No smoking. All cash purchase a plus! HDFC Co-op subject to household income limits at 165% AMI (2022): 1–$154K; 2–$176K; 3–$198K; 4–$220K. Email us for an appointment. No texts please. #ExploreUptown | #ExploreHarlem | #SchombergCenter
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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 | $276,000 | $276,000 | $276,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,836 | $1,834 | $2,366 |
Total Monthly Payment | $1,911 | $1,909 | $2,441 |
* 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.