Best priced 1BR in the building! A true one bedroom for the price of a studio…don’t miss this deal of an apartment. 1724 is a beautifully furnished and sunny high floor one bedroom at Executive Plaza. It’s ready to move right in or rent right out. The apartment has an open kitchen, HVAC units, ample room for a work space AND a dining area. In addition, it has ample closets, beautiful hardwood floors and updated appliances. This very special apartment is ready for new ownership—it is truly the perfect tranquil home in the middle of the busiest part of the city. Executive Plaza is a luxury condominium located in the middle of everything. Times Square, Rockefeller Center and Bryant Park are all just blocks away. The building was erected in the 1920s and was formerly the Taft Hotel. The hotel was famous for hosting big bands like Artie Shaw, Glenn Miller, and Tommy and Jimmy Dorsey. Vincent Lopez also performed in residency for 20 years and broadcast a radio show from the hotel. Today, it is a full-service building with beautiful, newly renovated lobby. The building has a gym on the top floor as well as a roof deck overlooking Times Square and Central Park. There are laundry facilities onsite, as well as a parking garage. What makes the building even more unique is that it allows for short-term renting, as short as one month at a time. Extremely low common charges top it off. Please note that no pets are allowed and there is currently an assessment of $424. 28 until 2026. Grab your piece of NYC!
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Our Executive Mortgage Banker:
Our Insurance Division:
$640,000
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 | $512,000 | $512,000 | $512,000 |
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 | $3,406 | $3,403 | $4,390 |
Total Monthly Payment | $3,498 | $3,495 | $4,482 |
* 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.