Step into Apartment 1C at 16 East 98th Street, a beautifully renovated one-bedroom, one-bathroom home with a relaxed modern design. Complete with a sleek wine bar, pocket doors, wide plank oak floors, and a palette of soft neutrals, this home exudes a refined and warm minimalist mood.
High ceilings and large windows allow in natural light throughout the day, complemented by southern exposures that overlook the building's lush communal garden. Intertwined with the living and dining areas, the open chef's kitchen is both functional and welcoming with a large island, custom cabinetry, quartz countertops, and premium Bertazzoni appliances.
The south-facing bedroom is tucked away and surrounded by closets as well as the attractive and bright bathroom with a tub. The apartment is also ready for an in-unit washer and dryer to be installed, adding extra convenience to this serene escape from city life.
Built in 1925, 16 East 98th Street is a well-established and pet-friendly cooperative where residents enjoy access to a lovely garden with a grill, a central laundry room, private storage options, an elevator, and a live-in superintendent. Nestled just half a block from Central Park and surrounded by some of New York's finest cultural institutions - including the Guggenheim, MET, and Cooper Hewitt, Smithsonian Design Museum, all on Museum Mile - this location offers a balance of cultural access and tranquility.
Whether you're looking for a full-time residence or the perfect pied- -terre, this apartment is a true sanctuary. Co-purchasing, parent purchasing, and subletting are all permitted with board approval. The building allows for 80% financing and there is a 2% flip tax.
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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 | $556,000 | $556,000 | $556,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,793 | $3,695 | $4,767 |
Total Monthly Payment | $3,885 | $3,787 | $4,859 |
* 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.