LEGAL waterfront 3 family condo, one of a kind - attached to 1478 shore Dr which is also for sale. Rent roll approx 9k, top fl is a 3 bedroom, 1. 5 bath plus loft with balcony, hardwood floors, large windows and living rm/dining rm. Middle fl is 3 bedroom, 1. 5 bath with balcony, hardwood floors. First fl is a one bdrm w balcony. All units have been updated, oil heat, 3 electric meters, HOA is $550 covers ins, flood and snow removal. Garage, driveway plus two parking spots in the lot. Large yard over looking the water, coin operated laundry. Country club/Throggs Neck border. Pics are vacant unit at 1478, other pics at 1478 with this bldg are basically identical.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,220,000 | $1,220,000 | $1,220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,012 | $1,012 | $1,012 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,927 | $7,611 | $10,213 |
Total Monthly Payment | $8,064 | $8,748 | $11,350 |
* 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.