PRIME LOCATION - ALCOVE STUDIO
You can't beat the location and quality of building that 123 East 75th Street offers. Located on a tree-lined block between Lexington and Park Avenue, and meticulously managed, you will find this spacious alcove studio, already converted to a Jr. one bedroom. This unit needs renovation, but has all the right features to make it a great home: size, location, light, and low maintenance.
The apartment faces East with a wall of windows allowing bright light all day and lovely views. The living room is extra-large and separated from the walled off bedroom and dressing area, which has its own heat/air conditioning unit. The kitchen is an ample size with enough room to put in whatever you need, and the closet space is excellent. Washer/dryers are allowed in individual units with Board approval.
123 East 75th Street is a full-service elegant co-op with a 24-hour doorman and an attentive live-in building manager. There is a gym (low annual fee), laundry room, and storage room (waitlist, nominal fee. ) The building prides itself on low maintenance fees, and gas & electric are bulk metered, lowering utility costs for shareholders. Co-purchasing, pied-a-terres, guarantors, gifting and pets (small dogs only) are permitted.
Just five minutes to Central Park! You are in the heart of the Upper East Side with all that it has to offer - shopping, food markets, restaurants, parks and
museums. Public transportation is a breeze having subway lines (Lexington Avenue, and Q train) and local and express buses so nearby. There is no flip
tax and no assessment. 30% down required, 70% financing allowed.
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:
$525,000
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 | $420,000 | $420,000 | $420,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,794 | $2,791 | $3,542 |
Total Monthly Payment | $2,886 | $2,883 | $3,634 |
* 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.