A steal at new reduced price of $380, 000 for this sunny 625 SF Lenox Hill Studio. This fixer upper, can serve as more than just a large starter home or a pied-a-terre. Apt. 5K at 150 East 61st Street boasts plenty of light and space in an ideal Upper East side location! Enter through a gracious and large hallway into this expansive space which has plenty of options for a wonderful redesign with the right vision. A wall of windows with a southern exposure in the main living room offers an abundance of natural light throughout the day. Through wall heating/cooling ensures ideal temperatures year-round without sacrificing your view. The separate kitchen with an existing pantry offers a flexible footprint to customize the space. There is plenty of space for additional countertops and cabinets, flanked by good storage space in the pantry. Currently configured as a one bedroom, this apartment features two large closets in the living space. Off the bedroom is a bathroom that features a shower/tub, large vanity, and two more closets. There is potential to combine the closets if desired. Quality living extends beyond the walls of your unit into the building itself. This full-service building with friendly staff includes a gym, community room and laundry room. Enjoy the convenience of an ideal location with Central Park, museums, good shopping, fine dining, grocery stores and main transportation hubs. Note - Photos include originals and virtually staged
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William Raveis Real Estate
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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 | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,886 | $1,861 | $2,361 |
Total Monthly Payment | $1,961 | $1,936 | $2,436 |
* 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.