This beautifully renovated two-bedroom apartment stands out with refined interiors and oversized windows in residential Harlem. Featuring a post-war aesthetic, this building is ideal for homebuyers seeking a peaceful yet vibrant living space in a community-oriented neighborhood. Step into the sun-splashed two-bedroom and one-bath residence to discover hardwood oak floors, renovated open windowed kitchen and bathroom, and generous closet space. The 6-story prewar coop was gut renovated with a new boiler, roof, plumbing, and electrical. Building features include an onsite bike room in the basement, plus a courtyard for entertaining & weekend BBQs. The washer/dryer and dishwasher are currently not installed within this home, however, the seller is offering credit for the washer/dryer installment. The building is an HDFC Coop. HDFCs are a type of affordable co-op housing. These units have income and family-size restrictions, strict affordability guidelines, and a lower sale price due to the income and household size. Buyers cannot earn more than a specific amount of money. The amount varies by family size and from one HDFC to the next. ( 120% median income guidelines for a family of 2 are $114, 600 - INCOME CAPS source: https: //www. nyc. gov/site/hpd/services-and-information/hdfc. page) Convenient to 2/3/B/C trains & major bus routes, gourmet supermarkets, and an endless choice of wonderful neighborhood restaurants await your palate. Strong building financials and pets are welcome. Located in a quiet residential scene in the midst of a bustling culture hub, the apartment is surrounded by a peaceful, residential spirit throughout the neighborhood, highlighted by street pick-up basketball games and block parties. Positioned just one block away from central park and one block away from Morningside park, the apartment is close to local attractions, including art studios, cocktail bars, and international restaurants. Harlem is home to a thriving cultural scene, which brings a constant vibrancy and excitement to the neighborhood: life in Harlem is as rooted in cultural tradition as it is energized and diverse, resulting in a community-oriented atmosphere defined by music, food, and cultural events.
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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 | $368,000 | $368,000 | $368,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,448 | $2,418 | $3,103 |
Total Monthly Payment | $2,523 | $2,493 | $3,178 |
* 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.