utton Place Home with Terrace with River Views!
Create the home of your dreams with this blank canvas ! This lovely one bed one bath with RIVER TERRACE is in need of loving restoration. Incredible value. Will go fast!
Sutton Place is a peaceful River enclave right in the heart of Manhattan, with the Bridge nearby making for an easy commute out east to Long Island or to Connecticut, and walkable to work for those working in Midtown, the United Nations and the medical corridor just north of the Bridge. Easy access to the FDR Drive highway makes for a quick Uber ride to Wall Street. The location also offers close proximity to shopping at Whole Foods, Trader Joes and Midtown Catch, and excellent dining such as La Villetta, Jean Claude, Mr. Chow's, Morso, and Bistro Vendome, which are neighborhood favorites. Sutton Place also has a number of "pocket parks" and you can enjoy a bike ride or stroll along the new adjacent East River Esplanade.
60 Sutton Place South, is a white glove full-service luxury cooperative with 24-hour doorman and concierge services, supremely attentive resident manager, an elegant lobby and hallways, fitness center, package room and garage. Maintenance includes utilities (electric and gas), and the co-op permits 70% financing. A 1% flip tax is payable by the buyer. Pet friendly too!
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Our Executive Mortgage Banker:
Our Insurance Division:
$629,000
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 | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,348 | $3,344 | $4,315 |
Total Monthly Payment | $3,440 | $3,436 | $4,407 |
* 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.