157 W 123rd Street, #1C, New York (New York (Manhattan)), NY, 10027 | $169,000

Showings are by appointment please contact the listing brokerage Harlem Lofts Inc for your private tour. Sunny, newly renovated, and wonderful value! This move-in ready studio apartment on the ground floor of an elevator building in fashionable South Harlem represents terrific value. The unit is freshly updated and in excellent condition with high ceilings, hardwood floors, a tiled bathroom, and well-equipped kitchen. 157 West 123rd is a well-run HDFC cooperative bordering the Mount Morris Park Historic District. Monthly maintenance (including heat and hot water) is a very affordable $350/month. This is a Housing Development Fund Corporation (HDFC) building, subject to income restrictions. New purchasers may not have an income greater than six times the annual cost of maintenance charges and utilities - please see Due Diligence folder for additional details. Based on this formula, we estimate an upper income limit of approximately $68, 000 per year for a Buyer with less than three dependents please confirm independently with your real estate attorney. This property also comes with primary residency restrictions. This lovely home is located a few steps from Harlem's Restaurant Row, and close to the 2/3 and B/C subway lines. Shopping on 125th Street (including the new Trader Joe's and Target) is just a short walk away. For recreation, the home is close to Mount Morris Park and within walking distance of Central Park. This property is delivered vacant with all paperwork provided. Contact the listing brokerage, Harlem Lofts Inc. , for your private viewing![*Please note that some photographs are virtually staged and are labeled as such]

Features

  • Town: New York
  • Parking: Other
  • Heating: Other, See Remarks
  • Cooling: None
  • Amenities: Elevator(s)
  • Rooms: 2
  • Baths: 1 full
  • Approx Sq. Feet: 250
  • Elem. School: Contact Agent
  • Middle School: Contact Agent
  • Pet Policy: Call
  • MLS#: H6327245
  • Days on Market: 103 days
  • Website: https://www.raveis.com
    /prop/H6327245/157w123rdstreet_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Harlem Lofts Inc.   Phone: 212-280-8866

William Raveis Family of Services

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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157 W 123rd Street, #1C, New York (New York (Manhattan)), NY, 10027

$169,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $135,200 $135,200 $135,200
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 $934 $911 $1,150
Total Monthly Payment $1,009 $986 $1,225

* 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.