501 West 123rd Street, #3a, New York (Morningside Heights), NY, 10027 | $618,000

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.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 21
  • Amenities: Alarm System; Bike Room; Garage; Garden; Fitness Room; Laundry Room; Nursery; Playground; Billiards Room; Party Room; Private Storage;
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: CommonArea,OnCommonFloor
  • Complex: Morningside Gardens
  • Year Built: 1957
  • Pet Policy: Pets Allowed
  • Private Garden: Yes
  • Building Access : Elevator
  • Service Level: Voice Intercom
  • OLR#: PRCH36973455
  • Days on Market: 12 days
  • Website: https://www.raveis.com
    /prop/PRCH36973455/501west123rdstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Daniel Gale of Brooklyn LLC

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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501 West 123rd Street, #3a, New York (Morningside Heights), NY, 10027

$618,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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.