Why RENT when you can own for less? Welcome to your new, pin-drop quiet sanctuary at 302 East 88th Street, Apt 3-B! Nestled within the cooperative, this newly reimagined studio offers a harmonious blend of contemporary design and urban convenience. This apartment was completely transformed in the last year. Meticulously reconfigured and gut-renovated to the studs, this studio embodies modern elegance. The large, open kitchen with white quartz countertops, floating shelves and GE appliances boasts sleek finishes and has ample counter space for culinary endeavors. With thoughtful design, every detail has been carefully curated to elevate your living experience. Discover a proper alcove nook, fit for a queen-sized bed, perfect for a cozy sleeping area or versatile workspace, allowing for seamless adaptation to your lifestyle needs. The windowed bathroom replete with custom tile backsplash offers a luxurious spa-like experience. Whether it’s unwinding after a busy day or entertaining guests, this studio provides the ideal backdrop for every occasion. 302 East 88th Street is a well-maintained cooperative with a part-time doorman, live-in super, laundry room, storage, a bike room, and an on-site parking garage. Residents receive a discounted cable/internet package. This cooperative embraces a dynamic living environment, permitting co-purchasing, gifting, subletting, and welcomes pets with board approval. Financing up to 75% of the purchase price is permitted. Please note that parents purchasing for children, guarantors, and pieds-à-terre are not permitted. The convenient location (just 2 blocks from the Q train!) cannot be beat with close proximity to Carl Schurz Park, and a plethora of dining, shopping, and entertainment options just around the corner. Grocery shopping is never a concern here with access to both Whole Foods and Fairway a few blocks away. Don’t miss the opportunity to make this meticulously crafted studio your own. Schedule a viewing today and experience the epitome of contemporary living at 302 East 88th Street, Apt 3-B.
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William Raveis Real Estate
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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 | $312,000 | $312,000 | $312,000 |
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 | $1,896 | $1,896 | $2,466 |
Total Monthly Payment | $1,971 | $1,971 | $2,541 |
* 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.