JUST REDUCED!!
This South facing Starter home is located at the iconic Penny Lane Coop. It has an abundance of natural Southern light, floor to ceiling windows, a ceiling fan and Juliet balcony. There are hardwood floors throughout. Behold a stunning built-in Murphy bed and a wall of wood Cabinets with more than ample storage. The kitchen has new stainless steel refrigerator and appliances. There are two double closets in the foyer.
Once an Ice-Cream factory, Penny Lane has been transformed into a full-service building. The renovated lobby resembles a London street. Each floor has Two Laundry Rooms; there is an Expansive Planted Roof Deck with Amazing Views of the Chrysler, Met Life and Empire State Buildings: Perfect for entertaining and relaxation. 24 Hour Doorman, Live-In Super, On-Site Garage, Bike Storage, Video Security, Package Room and very attentive staff all contribute to making this a great home in New York.
Located in the highly sought-after Gramercy Park-Kips Bay area, this beautiful home immerses you in the vibrant energy of one of NYC's liveliest neighborhoods. You will find lots restaurants, bars, cafes, supermarkets, and shopping options. Commuting is an easy with proximity to 6/R/W trains and a short walk to F/M/L/Q/N/4/5 and Union Square Station.
Sorry, no dogs or pied a terres. Guarantors and co-purchases allowed. Subletting allowed after two years of ownership for up to 6 years with annual Board Approval. Please note that some of the photos have been virtually staged.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,000
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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,124 | $2,151 | $2,737 |
Total Monthly Payment | $2,199 | $2,226 | $2,812 |
* 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.