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157 123rd Street, #5F, New York (New York (Manhattan)), NY, 10027 | $310,000
Showings are by appointment – please contact the listing brokerage Harlem Lofts Inc for your private tour. Freshly renovated, with south-facing exposures and views, and lots of light! This lovely one-bedroom apartment on an upper floor of an elevator building in fashionable South Harlem is move-in ready and represents wonderful 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 $490/month. This is a Housing Development Fund Corporation (HDFC) building, subject to income restrictions. 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. 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. Please note that this property will require a cash Buyer. 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
- Heating: Other, See Remarks
- Cooling: None
- Bedrooms: 1
- Baths: 1 full
- Year Built: 1910
- Approx Sq. Feet: 400
- Est. Taxes: $116,298
- Pet Policy: Call
- Appliances: None
- MLS#: 807588
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/807588/157123rdstreet_newyork_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
157 123rd Street, #5F, New York (New York (Manhattan)), NY, 10027
$310,000
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 | $248,000 | $248,000 | $248,000 |
| 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 | $9,692 | $9,692 | $9,692 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,713 | $1,671 | $2,110 |
| Total Monthly Payment | $11,480 | $11,438 | $11,877 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535