Tiny house living on City Island. Unique opportunity to own a stand-alone co-op bungalow steps from the Long Island Sound. The NY Post called City Island "NY City's best kept secret" & The New York Times called it "The quainter side of the Bronx" This sun-kissed 2br 1ba bungalow is newly renovated and TRULY move in ready. Enjoy the updated kitchen, bathroom and ample closets including new washer/dryer. Outdoor patio is perfect for morning coffee or evening cocktails. Steps to a peaceful private beach. Enjoy inviting views, mooring rights, kayak launch, yacht clubs. Walk to world renowned seafood restaurants, bars and entertainment. Easily accessible to NYC and all points beyond. Financially sound co-op community with low monthly maintenance fee of $297 includes ground maintenance, water, snow removal, use of private beach and taxes. Lose yourself in this cozy little oasis. Flood insurance may not be required but is available (X500 Zone). Sold as is. Have your (HGMLS) agent make an appointment today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,934 | $1,861 | $2,361 |
Total Monthly Payment | $2,009 | $1,936 | $2,436 |
* 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.