Terrific Investment Apartment - Currently a tenant is living in this spacious and beautiful Studio apartment. When you move in, you'll be living right across from Central Park in one of Manhattan's most desired addresses. Situated in a highly-regarded doorman building, this spacious Studio apartment is 516 square feet with north-facing windows running along the whole width of the Studio living space. There is loads of storage space, a closet that has been turned into an office and an area with hook-ups for a washer/dryer should you want one. The windowed-kitchen is unusually spacious and has a dishwasher. Lovely marble bath with a wall of mirrors. The closets have custom built in dressers and shelves and the floors are an elegant large parquet design.
The long lobby of the building is tastefully appointed as are the hallways. If you have a car, there is a garage available and the common charges include use of the fitness center. Currently, there is an ongoing Capital Assessment of $75. 65 per month.
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Our Executive Mortgage Banker:
Our Insurance Division:
$785,000
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 | $628,000 | $628,000 | $628,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,284 | $4,174 | $5,296 |
Total Monthly Payment | $4,376 | $4,266 | $5,388 |
* 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.