MAJOR PRICE REDUCTION FOR IMMEDIATE SALE. With nearly 1, 900 square feet, this newly, and thoughtfully renovated duplex offers phenomenal value at only $427/SF. Own an incredible apartment for an unbeatable price. The Forum is known for having one of the most favorable and transparent land leases in the city. The lease expires in 2085 (61 years left) with renewal rights for another 50 years past the expiration date. The lease terms are outlined with predetermined and increases every 7 years. There are no current or upcoming assessments. No flip tax. Included in the monthly maintenance: heat, water, gas, cable, gym. You simply cannot find a comparably priced 3 bed, 3. 5 bath in a full-service building with this level of renovation, space, views and light. Upon entering, you’ll instantly be impressed by the expansive feeling and idyllic layout of this corner Penthouse. With South and West exposures, along with the large windows and high ceilings, you can enjoy a bright apartment during the day, followed by a breathtaking evening sunset. In the eat-in kitchen, you’ll find top-of-the-line Miele appliances, as well as beautifully crafted custom tiling. A large dining table can sit perfectly along the double deck windows where you’ll overlook the stunning city skyline. Next to the dining area, you’ll find a large living room with a custom fireplace, as well as a conveniently located powder room. On the opposite end, there’s a bedroom with built-in closets and shelving. It has an ensuite bathroom and can fit a queen-sized bed. A custom staircase leads to a spacious corner, primary bedroom, which has a large walk-in closet, and an ensuite bathroom fit with a deep soaking tub, and double vanity. On the adjacent side of the staircase, lies both the third bedroom as well as its own ensuite bathroom. – Perfect for privacy! Additional modern conveniences include low voltage automated shades and an in-unit washer and dryer. Don’t miss this rare opportunity to purchase your dream home. PUBLIC TRANSPORTATION: · 3 minutes to the express Q/N and local R and short distance to the local 6 train. THE BUILDING · 24-hour doorman · live-in superintendent · parking garage · common roof deck · fitness center with steam and sauna · all purchase scenarios are allowed · pets allowed · unlimited subletting is welcome with no additional building fees NEIGHBORHOOD HIGHLIGHTS · John Jay Park · great restaurants and shops · easy access to the FDR Drive
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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 | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,231 | $4,227 | $5,453 |
Total Monthly Payment | $4,323 | $4,319 | $5,545 |
* 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.