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The Sherman Terrace Cooperative built in 1957, is located at 1010 Sherman Avenue in the heart of the Grand Concourse in the Southern Bronx between East 164 and East 165. This is a 67-unit Co-Op building with a laundry room, storage and attached garage on quiet Sherman Avenue minutes away from Yankee Stadium, The Bronx Museum and the neighboring Melrose community. Apartment 4F is a 1 Bedroom, 1 Bathroom 782 Square Foot apartment that is ready for some TLC to make it home for the next owner. You will find nearby conveniently located shopping on 161st Street. Mass transit is available via the MTA #4, B & D train, the BXM4, BX1, BX2, BX6, BX13 & BX 32 buses and Metro North Melrose Station. To ensure safety there are security cameras canvassing the property inside and out with state-of-the-art entry and visitor access. The overall building care is maintained by a live-in super and manicured landscaping. Contact us today for more information or to schedule an appointment for a showing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$149,000
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 | $119,200 | $119,200 | $119,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $783 | $783 | $998 |
Total Monthly Payment | $858 | $858 | $1,073 |
* 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.