Do the mortgage rates got you down? Well you are in luck! Rego Parc Condominium is one of the last awarded 421-a abatement buildings in NYC. Amazing value with a tax abatement that runs until 2034 making this an attractive investment property as well. The common charges and monthly taxes are less than $415 per month. Due to low carrying costs, this can provide over $50, 000 in savings and allows you to increase your borrowing power! It is located in the intersection between Rego Park and Middle Village providing ample convenience of both neighborhoods. The elevator building features a laundry room, fitness center, bicycle storage and common outdoor space. Parking garage is also available on-site. When entering the apartment, you will noticed the stainless steel appliances and open kitchen concept. The apartment features ductless HVAC in each room allowing you to personalize the temperature for full comfort. There is an abundance of natural light with floor to ceiling windows that are double paned in the living room opening up to your balcony. Both of the bedrooms are spacious to fit a queen size bed. The primary bedroom has an en-suite and walk-in closet providing a proficient floor plan. Owners only need to pay for electricity for their utilities. Being nestled between Middle Village and Rego Park provide an assortment of options from green space (Juniper Valley Park), local restaurants, groceries, and shops, and commuting options (subway R/M, Q11, Q21, Q38, Q52, QM15). Please reach out to schedule a tour.
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Our Executive Mortgage Banker:
Our Insurance Division:
$695,000
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 | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 5.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.285% | 5.510% |
Monthly Tax Payment | $111 | $111 | $111 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,378 | $3,378 | $4,470 |
Total Monthly Payment | $3,581 | $3,581 | $4,673 |
* 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.