Welcome to this spacious one bedroom apartment in Island House, a sought after coop community on Roosevelt Island. The apartment features hardwood floors and new windows that run the entire length of the apartment. This extremely light and sunny home has views of the park, East River and NYC skyline. It features a large bathroom and pass-through kitchen. There are many closets. There is also a dedicated storage cage that measures 42 cf. The low common charge at $686. 87 and size at 813 square feet make this a unique opportunity. This co-op apartment is in the Affordability program for income qualified buyers.
Residents of Island House enjoy 24-hour doorman service, a fully equipped fitness center, a bike room, and central laundry facilities. Community spaces include a gathering room, a childrens playroom, and a landscaped courtyard with grilling, dining, and lounge areas. Outdoor features include a playground with a jungle gym, a cross-training workout area, and a dog run. Additional conveniences include secure package storage and access to a lap pool in the neighboring building, available through membership. The buildings recently updated lobby, hallways, and elevators add a modern touch. Pets under 45 pounds are welcome, and financing up to 80% is allowed.
Roosevelt Island offers scenic surroundings and abundant green spaces, including a promenade with stunning views, the historic lighthouse, and FDR Four Freedoms Park. Recreational facilities include sports fields, tennis and basketball courts, public pools and gyms, and multiple playgrounds with BBQ areas.
Everyday essentials are easily accessible with Foodtown, international bodegas, Duane Reade, and Starbucks nearby, along with a library, schools, a post office, and local restaurants offering diverse cuisines. The Graduate Hotel on the Cornell Tech campus features the Anything At All restaurant and the Panorama Room rooftop lounge, adding unique dining and entertainment options. Residents can also enjoy the weekly Farmers Market and the convenience of the Motorgate parking garage at the islands entrance.
Commuting is simple and efficient. The F train, Roosevelt Island Tram, Astoria Ferry, CitiBike, and Q102 bus provide quick connections to Manhattan, Long Island City, and Wall Street. A free Red Bus makes getting around the island easy, while car access is straightforward via the island entrance.
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:
$544,557
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
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 | $435,646 | $435,646 | $435,646 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.339% | 7.017% | 6.120% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,862 | $2,862 | $3,647 |
Total Monthly Payment | $2,954 | $2,954 | $3,739 |
* 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.