This 589 sq ft 1 bedroom condo with an amazing high view of the city is the perfect location for anyone who wants to be in the heart of the action living in luxury without breaking your pockets. This unit needs some TLC and is being sold "AS IS" no repairs by the seller. The bedroom has room for any sized bed and additional furniture. There is a coat closet and pantry in the entry area. Located on the Northwest corner of Central Park and Frederick Douglass Circle in Towers on the Park Condominium, a well-run complex with 24-hour concierge services, on-site superintendent and management, community and bike rooms, ground floor laundry facilities, garden with a lawn and a seating area, as well as parking and storage (wait list/additional fee). The B/C train lines are literally steps away and the 1 train two blocks East. Nestled between Central Park West and Morningside Park, with Riverside Park nearby, you have multiple opportunities for walking, sports/fitness or relaxing. Just a short walk away from Broadway and some of the best restaurants the City has to offer. Leasing is allowed with condo board approval after one year of ownership. Cats allowed, dogs are not.
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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 | $399,999 | $399,999 | $399,999 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $1,001 | $1,001 | $1,001 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,430 |
Total Monthly Payment | $3,737 | $3,735 | $4,506 |
* 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.