SPONSOR UNIT – NO BOARD APPROVAL TERRACE This studio apartment is a rare jewel at 11 Riverside Drive – a corner unit with a terrace! It’s the perfect cozy nest for NYC living or an ideal pied-a-terre, with city views from your private outdoor space to the South and East. With 10’3’ ceilings, approximately 445 sq ft of interior space, a dressing area, and closets galore. The living/sleeping area is an expansive 19’9”x11’9” that leads to the 39 sq ft balcony, creating the ultimate relaxation space. The apartment will have an open kitchen with white cabinets, top-of-the-line, stainless steel appliances and Caesarstone countertops. The bathroom is renovated with all new fixtures, subway tile walls and marble floor. Washer/dryers are not allowed. Please note that some of the photos are renderings – and virtual staged photos will follow. The Schwab House at 11 Riverside Drive is a mid-century luxury cooperative that spans an entire city block and offers full services. Residents can enjoy two expansive landscaped roof decks with complimentary Wi-Fi, a fitness center, bike room, storage, parking garage, dry cleaner, and on-site management, creating a truly desirable living experience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$610,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $488,000 | $488,000 | $488,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $1,239 | $1,239 | $1,239 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,370 | $3,288 | $4,151 |
Total Monthly Payment | $4,701 | $4,619 | $5,482 |
* 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.