Welcome to this spacious and bright 1-bedroom home in the heart of Yorkville with full time service and a great opportunity to renovate to your taste and needs ! Enjoy the tranquility of this pin-drop quiet apartment, complete with serene views of the lush landscaped street below. The well-apportioned layout features a welcoming foyer that flows seamlessly into the expansive living room with enough space for a separate dining area. The kitchen is adjacent to the living area, creating an optimal layout for both daily conveniences and entertaining alike. The king-sized bedroom has double storage thanks to a wall-length custom built-in as well as a deep closet. The bedroom is so big you can easily fit in a work station. Additional highlights of the home include hardwood flooring and charming crown molding. 515 East 85th Street is an attractive, well-run postwar red brick building that was completed in 1961 and converted to a cooperative in 1980. Enjoy the convenience of a full-service cooperative building with 24-hour doorman service, central laundry, storage, bike storage, and on-site parking. The building's iconic Yorkville location is a quiet tree-lined block between York and East End Avenues and is just moments away from Carl Schurz Park. The building enjoys convenient access to public transportation, and you are in the epicenter of countless local shops, markets, eateries and more. Pied-Ã -terres, subletting, and pets are welcome with board approval. 75% financing is permitted and 1% flip tax applies.
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.490% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.681% | 6.678% | 6.034% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,138 | $2,904 | $3,820 |
Total Monthly Payment | $3,230 | $2,996 | $3,912 |
* 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.