*15-YEAR 421-A TAX ABATEMENT* This chic Long Island City condo is thoughtfully designed to maximize space and natural light, offering a contemporary urban lifestyle. The charming 436 sq. ft. studio apartment features stunning wide plank white oak floors, floor-to-ceiling triple-pane windows with southern exposure, a central heating and cooling system, and the convenience of an in-unit washer/dryer. Upon entry, a tasteful foyer with a spacious coat closet leads into an open living, sleeping, and kitchen area filled with natural light. The kitchen boasts custom cabinetry, sleek white marble countertops and backsplashes, and a suite of integrated appliances from Bosch and Blomberg. A large reach-in closet provides extra storage, while the elegant full bathroom is equipped with a Toto toilet, chrome fixtures, stone floors, and custom cabinetry. The Neighborly is a newly built 7-story condominium located in a quiet residential part of Long Island City. Developed by New Empire Corp. and designed by award-winning Paris Forino, the building is steps from a variety of restaurants, cafes, bars, and shops, and is just minutes from the F/M/N/R/W subway lines. Amenities include a full-time doorman, a landscaped courtyard, a peaceful Zen garden, a state-of-the-art fitness center, private study and lounge spaces, a children’s playroom, rooftop cabanas, multiple furnished rooftop decks with grilling stations, a bicycle room, dog run, storage units, private parking, and a pet spa.
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Our Executive Mortgage Banker:
Our Insurance Division:
$665,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
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 | $532,000 | $532,000 | $532,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,539 | $3,536 | $4,486 |
Total Monthly Payment | $3,631 | $3,628 | $4,578 |
* 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.