Rent Stab- Newly Updated 1 Br Just Steps to the 6 Train
Contemporary Rent Stabilized 1 BR (Pictures of Identical Layout)
Bright 1 BR w/ Open kitchen – outfitted with full size appliances ( inc. a dishwasher), high end countertops, and wood cabinetry. Stylish new bath and hardwood floors throughout the residence. Through the wall air conditioning ( bring your own AC) Bedroom can easily fit a queens size bed and additional furniture/ dresser. Great closet space. The entire apartment features lots of windows and allows for great light. This modern building features stylish living in East Harlem. Located on a quiet block at 112th street between Lexington and Park Avenues, the building is conveniently located just steps to Central Park and to the subway and bus lines. Just 2 blocks from the 6 train on 110th street.
Heat, hot water, and cooking gas included *
The apartment is rent stabilized and part of a middle income housing program, requiring city approval which can take 2-3 weeks.
Applicant(s) will need to show :
1) combined income for the household of no less than $90, 000 and not more than $160, 000 in order than to qualify. Must be a primary residence.
( Bank statements, employment letter, pay stubs, tax returns and W-2s ( or 1099s)
2) Must have strong credit – 700 +
3) single or double occupancy for the 1 bedroom- (No more than 2 occupants)
Please contact us to schedule a tour today.
* Must be qualified based on the Gross Rent *
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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 | $1,956 | $1,956 | $1,956 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $14 | $13 | $17 |
Total Monthly Payment | $89 | $88 | $92 |
* 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.