Create your own oasis in this spacious 1 bed / 1 bath apartment featuring Western, Eastern and Northern exposures. 12J easily converts into a 2 bedroom with ample dining and living space plus a welcoming foyer as you enter. The primary bedroom is oversized and fits a California king, dressers, night tables and a work from home space perfectly. There is tons of closet space including two walk in closets - one in the entryway and one in the primary bedroom. There is a window in the kitchen, a tiled bathroom and bath tub. Bring your contractor and plan your future at 301 East 63rd Street. Interior apartment pictures available soon.
301 East 63rd Street is conveniently located 1 block away from the subway, 3 blocks from the water and about 10 minutes from Central Park (the zoo is at 64th). Enjoy easy proximity to Bloomingdale's, Trader Joe's, Whole Food and day to day shops + favorite restaurants like JoJo by Jean-Georges, Scalinatella, Le Bilboquet and many casual hot spots and outdoor dining. Building amenities include: Full Time Doorman, Laundry Room, Bike Storage ($50 annually), Resident Super, Pet Friendly (1 dog or 1 cat up to 40lbs - max height 20") and a landscaped Roof Deck (can be rented privately by shareholders).
There is NO maintenance increase for 2024 (11th consecutive year). Heat, water and gas are included in the maintenance. Shareholders receive a bulk rate deal on electricity and cable / internet (sign up required after purchase - opt in is one time per year). The building allows pied-a-terre, gifting, guarantors, parents buying for children and co-purchasing and sublets pending board approval. Pet Friendly (1 dog or 1 cat up to 40lbs - max height 20"). Roof can be rented privately by shareholders for a fee.
301 East 63rd Street is NOT A LANDLEASE. The land IS OWNED BY THE COOP. The maintenance includes principal and interest payments for the 'mortgage on the land from the purchase'. The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. All recent capital improvements have been paid for with reserves - No assessments. See the building description on StreetEasy for more details on the mortgage held on the land.
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William Raveis Real Estate
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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 | $279,200 | $279,200 | $279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,858 | $1,856 | $2,355 |
Total Monthly Payment | $1,933 | $1,931 | $2,430 |
* 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.