Your dream opportunity is here - to call home an impeccably renovated, Sponsor-owned Alcove Studio / Jr 1 bathroom apartment - with no board approval necessary.
Feast your eyes on this completely gut renovated home at the Peter James Building and you'll definitely want to make it your own. The thoughtful layout features an over sized living/dining area with the perfect sized adjacent sleeping alcove.
The kitchen is tailored to the chef with a suite of high end appliances, radiant heat floors, modern white cabinetry, & caesar stone counter tops. The tastefully renovated bathroom also features radiant floor heating, providing warmth on chilly nights.
Brand new windows invite generous light into this beautiful home , while redone floors and ample closets add warmth and elegance.
Take advantage of all that the city has to offer with this prime location - from dining and nightlife to Madison Square Park and convenient transportation options. The Peter James is a full service cooperative with a stunning roof deck, resident manager, laundry on every other floor, garage and bike storage. Co-Purchasing, Guarantors, Pied-A-Terre's, and Pets are allowed. There is currently an assessment of $247. 11. (Photo's are virtually staged)
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.429% | 6.149% | 5.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,873 | $2,870 | $3,758 |
Total Monthly Payment | $2,965 | $2,962 | $3,850 |
* 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.