Introducing a Rare Opportunity: Luxurious 2. 5-Bedroom at The Echelon. In addition to the apartment, an option is available to purchase a deeded parking spot. Experience modern living at its finest in this newly listed convertible 2. 5-bedroom unit in The Echelon, a distinguished boutique condominium in the heart of Long Island City. This southeast-facing and well-maintained 1178 square foot residence is meticulously designed for contemporary lifestyles. The spacious open kitchen boasts custom cabinetry, a GE oven, microwave, fridge and dishwasher. In-unit Bosch washer/dryer. A generously sized pass-through breakfast bar seamlessly connects to an expansive living area, perfect for entertaining and dining. The primary bedroom impresses with its ample space, comfortably fitting a king-sized bed, dresser, and desk. It features a walk-in closet and an en-suite spa-like bathroom with a large shower. The second bedroom accommodates a queen-sized bed and includes custom closets. A versatile bonus room adapts to your needs, serving as a home office, play area, guest room, or extra storage space. Residents of The Echelon enjoy numerous amenities, including a part-time doorman, pet-friendly policies, a stunning furnished roof deck with panoramic NYC views, an organic vegetable and herb garden, onsite parking, and a state-of-the-art health club. A live-in superintendent provides immediate assistance. Transportation is effortless with proximity to the 7, E, M, and G trains, offering quick access to Grand Central Terminal. Citi Bike stations, the LIRR at Hunters Point Avenue Station, and major roadways such as the Long Island Expressway and BQE are nearby. Enjoy cultural attractions like MOMA PS1, Gantry State Park, Sculpture Center, and Noguchi Museum, along with convenient shopping options at Trader Joe's and Food Cellar.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 | $1,080,000 | $1,080,000 | $1,080,000 |
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 | $69 | $69 | $69 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,132 | $6,738 | $9,041 |
Total Monthly Payment | $6,326 | $6,932 | $9,235 |
* 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.