Welcome to 2727 Ocean Parkway, Apt C27, a Junior 4 apartment located in a highly sought-after premium six-story elevator building. This property presents a truly unique opportunity for those with vision and creativity. While the apartment requires a COMPLETE GUT RENOVATION due to its current condition, it is being offered at an EXCEPTIONALLY LOW PRICE, making it a rare chance to design a home or investment property entirely to your taste. With the added flexibility of SUBLETTING PERMITTED FROM DAY ONE, this apartment is a fantastic option for homeowners and investors alike. The building is impeccably maintained, featuring a secured, elegant lobby that combines style and peace of mind. Two elevators ensure convenience and accessibility, while upgraded laundry facilities cater to modern living needs. A private courtyard provides a serene outdoor retreat, and the dedicated on-site superintendent ensures smooth day-to-day operations. Situated in an unbeatable location, this property is within walking distance to the beach, local parks, subway lines, and multiple bus routes. Additionally, a variety of shops, restaurants, and essential services are just steps away, offering unparalleled convenience and lifestyle options. Don’t miss this rare opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$229,000
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 | $183,200 | $183,200 | $183,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.243% | 7.282% | 6.518% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,219 | $1,234 | $1,571 |
Total Monthly Payment | $1,294 | $1,309 | $1,646 |
* 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.