Seller is Looking for CASH BUYER Be the first to live in this renovated sponsor unit in this immaculate HDFC walk-up building. Open kitchen with professional-grade appliances, windows in every room, hardwood floors, and lots of closets, with very low maintenance. Building Features - Laundry room - Backyard patio with BBQ & seating - Virtual doorman through a phone app - Storage units in the basement - Bike storage rack - Energy-efficient with solar panels on the roof - Permits 20% down with 80% financing (This is a cash deal) - Subletting on a case-by-case basis is permitted Explore the Neighborhood - Just around the corner from the A/B/C/D trains and close to the 1 train, making it a quick commute to midtown - Across the street from Harlem School for the Arts and near the picturesque City College campus. - Surrounded by tons of restaurants, bars, and coffee shops like Harlem Public, The Handpulled Noodle, The Chipped Cup, Manhattanville Coffee, The Edge, Sugar Hill Cafe, Fumo, Oso, NBHD and so much more! - Right by Saint Nicholas Park where you can find the home of U. S. Founding Father Alexander Hamilton. Close to Jackie Robinson Park & Swimming Pool as well as Riverbank State Park. 120% Average Median Income. Depending on Household size these are the maximum annual income amounts permitted: 1 Person: $130, 440 2 People: $149, 160 This is a sponsor sale – The Purchaser is responsible for Seller’s Legal Fees of $3, 000 (includes Transfer Agent Fee), the New York State Transfer Taxes, and the New York City Filing Fee. HDFCs are exempt from New York City Transfer Tax.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $224,000 | $224,000 | $224,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $717 | $717 | $717 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,490 | $1,489 | $1,889 |
Total Monthly Payment | $2,282 | $2,281 | $2,681 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.