This extra-large alcove studio, with its lovely combination of vintage pieces merged with new furnishings, is comfortable and inviting. The separate kitchen space features cottage style cabinetry with mullion glass cabinets, new flooring, and crisp white appliances. With polished parquet floors, expansive wall of new windows, custom built-ins, and three generous closets, this warm and accessible home is ready for its new owner.
Built in 1959, 411 East 57th Street is a full-service cooperative located within the dynamic Sutton neighborhood. The East River Esplanade is beautifully landscaped and provides a place to relax, watch the boats, and catch some of the best views of Brooklyn and Long Island City. Both Trader Joe's and Whole Foods are conveniently located and there is a resurgence of neighborhood restaurants. The amenities and services in the financially strong 411 East 57th Street include a 24 hour doorman, resident manager, panoramic roof deck, central laundry room, bike room, and individual storage units for rent. This pet friendly building allows pied-a-terre ownership, gifting and guarantors. 70% financing is permitted and there is no Flip Tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$395,000
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 | $316,000 | $316,000 | $316,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,920 | $1,920 | $2,497 |
Total Monthly Payment | $1,995 | $1,995 | $2,572 |
* 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.