Welcome to urban elegance at its finest! This generous 2-bedroom, 1-bathroom condo at 250 W 88th Street known as The Central Condominium in the Upper Westside offers a harmonious blend of style and comfort in a corner charming lowrise building. This home is designed to impress and ready for immediately move in with all new appliances, AC and fresh paint. Step inside to discover a beautifully renovated interior featuring hardwood floors throughout, complemented by the warm glow of new chandeliers. The large windows and high floor ensure a serene environment, while the Eastern and Western exposures provide abundant natural light and captivating city views. The heart of this home is the Chef's kitchen, boasting premium counters, brand-new stainless-steel appliances including a gas stove/air fryer oven, full size dishwasher, refrigerator and an island perfect for culinary adventures. The custom closets offers ample storage, enhancing the functionality of this exquisite space. Built in 1920 and converted to a condominium in the mid-1990s this is pre-war condominium is a rarity on the Upper West Side. Residents enjoy the convenience of a full-time doorman, live-in Superintendent and an elevator, ensuring a seamless living experience and security. Additional amenities include a laundry room on the ground floor, bike room, and storages for rent. This building does not allow pets and is a no smoking building. Stay comfortable year-round with air conditioning and baseboard heating. This condo is a true gem, offering a sophisticated urban lifestyle in the prime UWS. Walk to Central Park, Riverside Park along the Hudson River, Zabar’s, Fairways and all the wonderful restaurants nearby. 2 short blocks from the 1-Train. Don’t miss the opportunity to make this exceptional residence your own! Also makes a great rental investment and 1031 exchange. Capital assessment in place to replenish the reserve account and local law 11--PAID BY SELLER.
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Our Executive Mortgage Banker:
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$1,175,000
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 | $940,000 | $940,000 | $940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,210 | $1,210 | $1,210 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,337 | $5,864 | $7,869 |
Total Monthly Payment | $6,672 | $7,199 | $9,204 |
* 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.