This sun-drenched and spacious studio apartment, cleverly transformed into a functional one-bedroom, offers a delightful living experience. The high ceilings and hardwood floors contribute to a bright and welcoming atmosphere. A striking Edison chandelier graces the dining room, centrally positioned over a functional island equipped with bar stools. The living space has been thoughtfully divided with a glass wall partition, creating a distinct bedroom area. This space features an under-storage queen-sized bed flanked by end tables, maximizing both comfort and storage efficiency. The warm and inviting living room provides ample space for a sofa lounge, and a versatile glass wall unit enhances both aesthetics and functionality. Conveniently located near highways and public transportation, accessibility is a notable feature of this property. The building is well-maintained, and residents benefit from a common laundry room. However, it's important to note that pets are not allowed on the premises. Additionally, potential tenants should be aware that board approval is required for renting the apartment, which is permissible after three years of ownership. This property is not just an apartment; it's a perfect place to call home. Whether you appreciate the design elements, the practical layout, or the convenient location, this residence offers a comfortable and stylish living space.
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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 | $104,000 | $104,000 | $104,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $701 | $691 | $892 |
Total Monthly Payment | $776 | $766 | $967 |
* 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.