RARELY available A-line at The Madison Parq, at 66 Madison Avenue, with full East facing, open exposures overlooking Madison Avenue, is a MUST SEE! LARGE, pre-war, loft like, one bedroom with wonderfully high, 10’ beamed ceilings, feature huge picture windows that flood the apartment with sunlight, and gorgeous, hardwood floors throughout! TURN-KEY with a fantastic layout, offering an oversized living space, with ample room for both living and dining (currently there is a large, 6-8 person table) and separate office work area, OR even the option of opportunity turning the dining area into a second bedroom! NEWLY UPDATED, semi-open, kitchen features all the necessities, including a bonus wall of pantry space! So much storage! Off the entry way is an enormous walk-in closet, outfitted with custom built-ins for both hanging, shelving, utility space, etc. Nearby is a separate, secondary closet for linens/more storage! Ideally situated outside the bedroom, for easy access by guests, is a beautiful bathroom with stall shower. The king sized bedroom features the same bright, open, East facing exposures, high ceilings, and additional closet space, with custom built-ins, along one whole wall. 66 Madison Avenue offers a full-time doorman, live-in super, private storage space, and laundry facilities on each floor (WASHER/DRYER permitted in apartment, pending board approval)! Perfectly located close to every convenience one could possibly want, including a brand new Whole Foods across the street. One block from Madison Square Park, Eataly, and several public transportation lines, what better a location than this!! 80% financing permitted, and pied-a-terre and co-purchasing permitted! Pet friendly and flexible SUBLETTING after two years of occupancy! Spectrum cable and internet included in maintenance. 2% building flip tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$785,000
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 | $628,000 | $628,000 | $628,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,284 | $4,174 | $5,385 |
Total Monthly Payment | $4,376 | $4,266 | $5,477 |
* 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.