Here is your chance to own a wonderful 2 Bedroom 1 Bath Apartment Co-op with ALL UTILITIES Included (YES, even electric) nestled in the heart of Kew Gardens Hills. This unit is facing the east and is in the prestigious Hyde Park Gardens development. This co-op boasts hardwood floors throughout the unit with a living room that gets plenty of light from its large windows. It has one large Master Bedroom with a second bedroom next to it. It has an eat-in Kitchen as well. Washer and Dryers are allowed in the unit. What's so unique about this co-op is the fact it has no minimum down payment if financing so FHA loans are accepted! There is also no board approval, just an application process. Subletting is also allowed, turning this into a possible investment rental in the future. There is NO Flip Tax. This Development offers off-street assigned parking which is done by a waitlist along with other amenities such as laundry rooms, storage rooms, and regularly scheduled garbage services. Pets are also welcomed so bring your fur babies with you to your next dream home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$348,888
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 | $279,110 | $279,110 | $279,110 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,857 | $1,855 | $2,393 |
Total Monthly Payment | $1,932 | $1,930 | $2,468 |
* 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.