Welcome to your dream condo at 1400 Fifth Avenue, where sun-filled garden views meet modern luxury. At a price of just $800, 000, low monthlies, and a tax abatement that runs through 2032, this deal can't be beat! Make this spacious 2 bedroom, 2 bath home your new residence, or with board approval, an ideal investment property. There is an income cap of $332, 500. Call me to see this very special home today and you could close before year end! This spacious condo is situated in a full-service doorman building with a resident super and attentive staff. Enjoy the ease of access to transportation including the 2, 3, and 6 trains in close proximity and various bus lines that can take you crosstown or downtown right on the corner. Great shopping, dining, and entertainment, are all just a stone's throw away. Additional building amenities include a playroom for children, and a resident lounge for gatherings, and laundry room on your floor.
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Our Executive Mortgage Banker:
Our Insurance Division:
$800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,420 | $4,312 | $5,444 |
Total Monthly Payment | $4,512 | $4,404 | $5,536 |
* 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.