SPONSOR UNIT, NO BOARD APPROVAL! This lofted one bedroom + home office is nestled in the unique 'Penny Lane' building. This beautiful loft-style unit is designed to offer the perfect retreat from the daily bustle of urban living. This apartment features a 13' ceiling soaring overhead, floor to ceiling windows, plus gleaming wooden floors elegantly flowing underfoot. Upstairs is a sleeping loft with enough room for a home office, and is also equipped with generous closet space, which overlooks the expansive living room large enough for you to spread out and entertain friends. The ceiling height in the loft is 5'4". This home features a galley-style kitchen with stainless steel appliances including a dishwasher, as well as a lovely bathroom elevated with large-format wall tiles with a natural stone finish. This apartment is located on the 1st floor. Penny Lane is a 24 hour doorman building where you will enjoy the unique atmosphere of the European lobby and seating area, as well as the huge roof deck with panoramic city views. The building also has two laundry rooms on each floor, a live-in super, storage for rent, bike storage and a garage. Sublet policy: after owning 2 years, you can sublet for 6 years
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,456 | $2,393 | $3,087 |
Total Monthly Payment | $2,531 | $2,468 | $3,162 |
* 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.