350 West 56th Street Apt 1A – Investor Friendly – Rent out from day 1. This renovated two room studio with soaring 11. 5 foot ceilings features an eat in window kitchen with stainless steel appliances, a condo quality renovated bath with glass sliding shower doors, granite tiling, new vanity and separate space to store your linen. The living/sleeping area can fit a full size bed, love seat, entertainment system. A decorative tiled mantle with a mirror is centered with built in shelves on each side for books and work space. The apt has a custom walk-in closet with 4 hanging rods, shelves, shoe racks, space to put suitcases. There is 2 overhead storage spaces to tuck away more items. new flooring throughout, built-in shelving over a decorative mantle, ceiling fan and two oversized windows with interior shutters. New flooring throughout. The apt receives northern exposure. The building has laundry in the basement. Just a short distance to Central Park, The Shops at Columbus Circle, Morton Williams, Lincoln Center, John Jay College, Mount Sinai West Hospital, Fordham U and tons entertainment for a a night on the town. Trains A, C, B, D, 1, 9 N & R and buses M31, M57, M11, M20, M104 and M12 right out your door for your convenience. Getting around the city doesn’t get any easier. #MrMidtownWest
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William Raveis Mortgage, LLC
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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 | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,066 | $2,066 | $2,687 |
Total Monthly Payment | $2,141 | $2,141 | $2,762 |
* 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.