Showing with 48-hour advance notice, rental tenant in place. Located in one of the most sought-after areas in Harlem, this two-bedroom condo home with exposed brick, hardwood floors, central air, new bath and new kitchen with stainless steel appliances is a rare find. Add to that low common charges and low taxes thanks to a 15-year J-51 abatement and you have struck gold on Harlem's Gold Coast! Offering one of the lowest costs of ownership of any 2-bedroom condominium in the city, you can make this delightful home your own, or rent it out and be cash flow positive from Day 1. This second-floor home in the well-maintained Jacob's Court 1 is one of three apartments per floor. The building features a keyless entry system, video intercom, card-key laundry system, a gym and bike storage. Your own private storage unit included with purchase! Location; Steps away to Central Park, just two blocks to the Beautiful Cathedral of St. John the Divine, supermarket, restaurants, cafes. With the A/B/2/3 and local 1/C trains just blocks away, you can get anywhere you need all major transportation steps away including busses going across town to 5th avenue. This is the perfect apartment to make your home or have as an investment property. This is not an income restricted building. Selling with tenant in place or vacant.
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Our Executive Mortgage Banker:
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$650,000
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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,460 | $3,456 | $4,385 |
Total Monthly Payment | $3,552 | $3,548 | $4,477 |
* 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.