Welcome to 8A, a spacious and beautifully designed two-bedroom, two-bathroom condo in the highly sought-after boutique building of 5 Court Square, Long Island City. This unit stands out as one of the largest in the building, featuring an open floor plan that maximizes natural light and space. Enjoy soaring 10-foot ceilings and wide plank white oak floors that add elegance to every corner. The gourmet kitchen boasts custom Italian oak cabinets, Calcutta marble countertops, a vented stovetop and high-end Bosch appliances, perfect for culinary enthusiasts. With all the bells and whistles, 8A includes Nest thermostat and smoke detection systems, keyless entry, and Hunter Douglas automatic blinds for added convenience. The primary bedroom is generously sized, complete with a walk-in closet and a luxurious en-suite bath featuring a double vanity, an automatic Toto toilet, and a walk-in rainfall shower. Both bathrooms offer radiant floor heating for ultimate comfort. Venture out onto your private balcony and take in the vibrant surroundings of Long Island City. Location, Location, Location! Enjoy easy access to the E/M/G/7 subway lines, making commuting a breeze. Directly across the street is Court Square Park, perfect for outdoor relaxation. Indulge in the vibrant culinary scene with plenty of delicious restaurants and coffee shops nearby. Plus, you’ll find Trader Joe’s, Target, MOMA PS1, and Murray Park Playground all just a short distance away. Don’t miss this opportunity to own a piece of modern luxury in a prime location! There is a private storage locker available to purchase separately. Please note there is an on-going assessment until December 2024.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,550,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.348% | 5.911% |
Monthly Tax Payment | $1,167 | $1,167 | $1,167 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,944 | $7,635 | $10,297 |
Total Monthly Payment | $8,236 | $8,927 | $11,589 |
* 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.