Discover one of the most desirable loft layouts at Arris Lofts Condominium in Long Island City, ideally situated in the vibrant Court Square neighborhood. This stunning 837-square-foot convertible one-bedroom offers an airy, open design with 14-foot ceilings, hardwood floors, and a wall of windows overlooking the serene, Japanese-inspired interior garden. The spacious alcove/sleeping area, enclosed by a sleek glass sliding door, includes two closets and accommodates a king-size bed with room to spare. The bathroom is a spa-like retreat, featuring a deep soaking tub and a rain shower. The modern kitchen comes equipped with a dishwasher, Liebherr refrigerator, microwave, and a versatile island offering additional storage. With ample closet space and an in-unit washer and dryer, this residence combines comfort and convenience. Originally built in 1920 as the Eagle Electric Manufacturing Factory, Arris Lofts underwent a masterful transformation in 2006 by acclaimed architect Costas Kondylis. The building boasts exceptional amenities, including a 24-hour doorman and concierge, an 8, 000-square-foot fitness center with a saltwater pool, sauna, and interior Zen garden views, a landscaped rooftop terrace with breathtaking city vistas, a parking garage, a children's playroom, and a common laundry facility. The location is unbeatable, offering easy access to transportation and local conveniences. The E, M, 7, and G subway lines are just a block away, providing a one-stop commute to Manhattan, with additional connections to the R and N trains nearby. Don’t miss out—contact us today to schedule a private viewing!
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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 | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.597% | 6.158% |
Monthly Tax Payment | $251 | $251 | $251 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,022 | $4,298 | $5,738 |
Total Monthly Payment | $4,365 | $4,641 | $6,081 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.