Sellers have a current mortgage balance of $530, 000 at 2. 625% with Valley National Bank. Buyers can assume the current mortgage ( after bank qualification) to realize significant savings compared to current rates & save on mortgage tax as well through CEMA (Consolidated Extension & Modification Agreement).
Welcome to Residence #9D at The Alexander Condominium. This sun kissed 2 Bed / 2 Bath apartment in the heart of historic Turtle Bay offers approximately 11'6 ceiling heights, floor to ceiling windows, & exposures of South, East, West providing ample sunlight throughout the day. The entrance foyer welcomes you with a separation of space prior to entering into an open kitchen with island/breakfast bar and modern stainless-steel appliances topped off with custom Poggenpohl cabinetry. There is a Viking gas stove, Viking microwave, Viking microwave, Miele dishwasher, Sub-Zero refrigerator/freezer, and granite countertops. An in-unit washer /dryer makes for even more convenient living.
Beautiful hardwood floors throughout the unit. The primary bedroom has south and eastern exposures and is en-suite with a spa-like bathroom featuring dual vessel sinks with surrounding custom vanities and a large walk-in custom closet. The spacious second bedroom has a large walk-in closet and a 45-square- foot private balcony facing West. Beautiful hardwood floors throughout the unit. Completing this home is the loft like living and dining area.
The Alexander is a premier, luxury full-service condominium built in 2010 with 24-hour doorman and concierge, storage, package room, recently renovated fitness center with Peloton bikes and Woodway treadmills. Spectacular rooftop terrace landscaped and furnished with panoramic city views. Conveniently located near all transportation, restaurants, shops, & parks.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,425,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,140,000 | $1,140,000 | $1,140,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,744 | $7,300 | $9,697 |
Total Monthly Payment | $6,869 | $7,425 | $9,822 |
* 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.