LOCATION AND VALUE! Prewar 2 Bedrooms, 1 Bath in boutique cooperative located in the heart of Morningside Heights on a charming tree-lined block known as Seminary Row. Close to multiple campuses, parks, wonderful restaurants and all that Morningside Heights and South Harlem offer – who could ask for anything more? Details include high ceilings, LOW maintenance, hardwood floors throughout, separate and windowed renovated kitchen, 2 bedrooms (one currently open to the LR but easily closed off) and windowed renovated Bath. Kitchen has light wood cabinets, dark granite countertops, appliances include Frigidaire induction stove top and oven, dishwasher and stainless French door refrigerator, GE Spacemaker microwave, Malber washer/dryer combo unit and lots of storage. The renovated windowed bath has neutral tones, large medicine cabinet and bright lighting fixture. 501 West 122nd is a beautiful, well-maintained boutique cooperative where residents enjoy Super services, stroller parking, and bike storage. The building accepts Guarantors, co-purchasing, parents buying for children with Board approval, and 90% financing!! Pets are welcome. Bike storage is free of charge. Easy access to all transportation – trains (A/C, B/D, 1), many bus lines (104, 4, 7, M60), CityBikes, West Side Hwy and close to many iconic New York City institutions, including Columbia University, Barnard College, City College of New York, Teachers College, Manhattan School of Music, Jewish & Union Theological Seminary, Riverside Church, Grant’s Tomb, Mount Sinai St. Luke’s Morningside Hospital, acres of outdoor space at Riverside Park, St. Nicholas Park, Morningside Park, Riverbank State Park, and Harlem River Piers, Great Running and Bike Paths, Tennis Courts, and great Restaurants all around
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Our Executive Mortgage Banker:
Our Insurance Division:
$585,000
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 | $468,000 | $468,000 | $468,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,114 | $3,110 | $4,013 |
Total Monthly Payment | $3,206 | $3,202 | $4,105 |
* 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.