Apartment 8H is a gem of a south facing junior one bedroom at Gramercy East. A perfect start to home ownership in New York City in a great location and a fantastic building. This will not last. The lean kitchen opens to the living space creating a social cooking experience. The kitchen has everything you may need to create a delicious meal at the days end. A breakfast counter allows for guests to sit and be part of the experience. The living area is spacious and can easily accommodate a dining area as well as a work from home space aside from being a functional living room. Enter the bedroom off the living room and enjoy the same southern light that the living room gets throughout the day. There is a dressing area that separates the bedroom from the bathroom. The bathroom is cozy and allows you to choose between a bath or a shower to rinse your worries away. Some notable features are great closets and storage, hardwood floors, air conditioning and heating units in both the living room and bedroom, lighting throughout and solid new windows. Gramercy East is a full-service co-operative offering a 24-hour doorman, a live-in resident manager, a newly renovated central laundry room, bike storage, crate storage, planted roof garden and a garage. Pied a terres, co-purchasing, gifting and pets are all welcome. In close proximity to transportation, dining, nightlife, The East River Esplanade, markets, coffee shops, dog runs. . . . Don't hesitate to be in touch to schedule a viewing before this sells. . . .
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Our Executive Mortgage Banker:
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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.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 | $424,000 | $424,000 | $424,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,750 | $2,715 | $3,521 |
Total Monthly Payment | $2,842 | $2,807 | $3,613 |
* 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.