One or more photo(s) was virtually staged. Welcome to The Madison at SOHO! Discover effortless urban living in this inviting 1-bedroom condo located in the highly sought-after SOHO community. With a minimalist touch, this residence offers a cozy and functional living space. Enjoy the convenience of living in a central area, surrounded by the best the city has to offer. Trendy shops, dining options and entertainment are all within reach, making this condo a perfect home base! The interior embraces a clean and simple design aesthetic, providing a canvas for personalization. With fresh paint throughout, neutral tones and versatile finishes create a welcoming atmosphere that allows you to infuse your own style effortlessly. The kitchen is designed for efficiency providing ample cabinet space. It's a practical space where you can prepare meals with ease, whether you're a culinary enthusiast or prefer quick and simple dining. The bedroom offers a tranquil retreat with neutral decor and sufficient space for a comfortable night's rest. There are two closets in the master bedroom - including 1 walk in closet! Large windows and high ceilings invite natural light, creating a bright and airy ambiance. The building provides essential amenities such as secure access, a spa-like community pool, and a designated covered parking space. This 1-bedroom condo is an ideal choice for those seeking a minimalist urban retreat in a prime location. Embrace the simplicity and convenience of this residence, allowing you to make it your own with ease!
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Our Executive Mortgage Banker:
Our Insurance Division:
$315,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $252,000 | $252,000 | $252,000 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $376 | $376 | $376 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,677 | $1,675 | $2,125 |
Total Monthly Payment | $2,128 | $2,126 | $2,576 |
* 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.