This quiet and spacious flex-4 bedroom home preserves original and classic pre-war architectural details coupled with an updated kitchen. The apartment features: multiple exposures to the East and West, original hardwood flooring (some rooms preserved under carpeting) with inset Walnut border, original plaster cove ceiling (living/dining/great room), original metal window casings, a modern eat-in and windowed kitchen outfitted with a suite of stainless steel appliances and dual sinks, walk-in pantry/utility closet, built-in home office area, updated cabinetry, ample closets and storage, classic bathroom with original cast-iron tub, and a dual-exposure king sized master bedroom with ensuite bathroom. Additionally, a windowed laundry/utility room can be updated or converted into a 4th bedroom, home office, or simply a huge walk-in storage room (90+ square feet). Further, this home offers numerous options for the removal of walls and reconfiguration of the space, allowing for enhanced natural light and optimization of the space to suit your lifestyle. An additional bathroom may also be added. This unit is the by-product of two apartments that have been previously combined, creating one of the largest units in the cooperative. The Amalgamated Dwellings is a 236 unit, 6 story cooperative located on Grand St on the Lower East Side. Built in 1929, this coop maintains its original art deco and European charm. The property is known for original details, including intricate plaster work, high ceilings, windowed hallways, classic European-style elevators, wide entrance archways, and its private central courtyard with fountains. Nestled amongst other much, larger coops, this property evokes a charming throwback to an earlier era. In addition to its unique art deco attributes, the coop also features updated laundry facilities, a gym, a community room, bicycle storage, package room, 24 hour security, and on-site maintenance staff. The coop is also close to major transportation hubs (F, M, J, Z, M14A, Ferry), Trader Joes/Target, Essex Crossing, East River Park, and many restaurants and cafes.
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$1,750,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,282 | $8,964 | $11,909 |
Total Monthly Payment | $8,407 | $9,089 | $12,034 |
* 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.