A well laid out and upgraded one bedroom home, H703 provides a tranquil refuge from the city. Nestled on the 7th floor just above the cooperative’s old growth trees, views are both of nature below and the expansiveness of the FiDi skyline. The dual-exposed living room fills daily with abundant natural light, as well as affords an incredible vantage point to observe amazing sunsets over the west side. The windowed kitchen with breakfast bar is renovated with ample storage and pantry space, along with full-sized appliances. If you’d prefer, the living room/kitchen adjoining wall can be opened or removed completely to create a loft-like great room. Please inquire to request a portfolio of layout options and photos of similar units that have been reconfigured. The large entry foyer has room for a full dining table, home office, or a cozy reading nook. Ample storage throughout this apartment is provided via four deep and oversized closets. Rounding out this spacious home is a California king-sized bedroom with oversized closet and an updated bathroom. A washer/dryer can be added with coop approval. Bonus! All new tilt-in, double-pane windows are being installed for easy open/close and cleaning. Installation is expected soon and will be completed prior to closing for the buyer to enjoy. Pets allowed. Gifting, co-purchasing, and guarantors permitted. Subletting permitted after two years of ownership. Monthly subletting fees apply during the term of sublease. Board approval required. The Seward Park Cooperative offers on-site parking, bicycle storage, personal storage, an indoor children’s playroom, two private outdoor playgrounds, a gym, a community room, shared office space, a children’s organic community garden, composting, 24/7 maintenance services on site, 24-hour lobby attendants/security, and several acres of grass and private green space for reading and relaxing outdoors. Conveniently located within two blocks of the subway at Delancey/Essex St (F/M/J/Z) and East Broadway (F), north and south-bound access to the FDR, and just a few blocks from the M15 Select Bus Service, commuting is seamless. The property is situated for easy vehicular access to Brooklyn via the Williamsburg, Manhattan, and Brooklyn Bridges. The Cooperative also benefits from its proximity to Essex Crossing, an 8 acre development located one block north. A movie theater, bowling alley, food hall and public market, The International Center of Photography, Trader Joes, Target, a NYU medical facility, and more are all part of this neighboring development.
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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 | $543,200 | $543,200 | $543,200 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,614 | $3,610 | $4,581 |
Total Monthly Payment | $3,706 | $3,702 | $4,673 |
* 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.