Welcome to Apartment 3A at 501 West 123rd Street – an exceptional opportunity to transform a blank canvas into your dream home within a vibrant, amenity-rich community in Morningside Heights.
This spacious 2-bedroom, 1-bath unit stands out with its generous living areas and soaring ceilings, exclusive to the highly sought-after “A line” apartments. Oversized windows flood the space with natural light and frame serene views of the beautifully landscaped grounds and mature specimen trees. With a total of nine closets, you'll enjoy ample storage space to keep your home organized and clutter-free.
Nestled on a sprawling 8-acre property, this co-op offers an impressive array of amenities designed to enhance your lifestyle, including 24-hour security, a state-of-the-art gym, a parking garage (available for an additional fee), a children’s playroom and playground, woodworking and pottery studios, a game room, a theater company, a pre-K program, community and meeting rooms, and a dedicated retirement association for senior support. Recent upgrades to the outdoor common areas include new plantings and accessible ramps, adding to the property’s charm and functionality.
The location is ideal, surrounded by grocery stores like Fairway, Whole Foods, and Trader Joe's, as well as a diverse selection of restaurants, cafes, and vibrant nightlife. Additionally, you'll find Columbia University, Barnard College, Manhattan School of Music, and a variety of parks and cultural landmarks nearby.
While the unit is in need of a full renovation, it presents a unique opportunity for you to design and personalize every detail to reflect your style and preferences. Don’t miss the chance to make this apartment your own and enjoy all the benefits of this thriving community.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$618,000
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 | $494,400 | $494,400 | $494,400 |
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 | $3,373 | $3,286 | $4,169 |
Total Monthly Payment | $3,465 | $3,378 | $4,261 |
* 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.