All CASH AND WELL QUALIFIED BUYER NEEDED. . . ONE-OF-A-KIND BROKERS PRESENT'S A VERY RARE OPPORTUNITY TO OWN A LARGE 1 BEDROOM COOP ON THE TOP FLOOR OF A PRE-WAR ELEVATOR BUILDING IN THE SECTION OF ALLERTON. THE BUILDING HAS A LAUNDRY FACILITY & STORAGE UNITS AVAILABLE FOR RENT, CONVENIENTLY LOCATED TO SHOPS, TRANSPORTATION ( #2 & #5 TRAIN IN ALLERTON STATION AS WELL AS EXPRESS BX#11 & BX #26 ) AND MUCH MORE. ALL UTILITIES ARE INCLUDED ( ELECTRIC, HEAT, GAS AND HOT WATER INCLUDED ). NO SUBLEASING ALLOWED AND IT HAS TO BE OWNER OCCUPIED. ALL CASH ONLY AS PER THE BY LAWS. PETS ALLOWED UNDER 50 POUNDS. DISCLOSURE: : " as per management, some tenants are not currently paying, the last financial information is limited and from 2019 only. Corporation does not have sufficient funds in the reserve, and there is no proprietary lease/offer plan. keep in mind this is why it's being offered at such a great price. " COOP ITS BEING SOLD AS IS AND WITH THESE DISCLOSURES. CONTRACT MUST STATE $140K as nothing less will be approved, and CREDIT WILL BE GIVEN. THIS UNIT IS MOVE IN READY AND IT ONLY NEEDS YOU. COME AND VIEW BEFORE IS TOO LATE. BOARD APPROVAL REQUIRED. DTI UNDER 25%.
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Our Executive Mortgage Banker:
Our Insurance Division:
$74,995
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 | $59,996 | $59,996 | $59,996 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $365 | $365 | $474 |
Total Monthly Payment | $440 | $440 | $549 |
* 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.