Residence 4B is the last studio opportunity available for purchase at 180 East 88th Street.
This 597 sqft. studio offers a 123 sqft. terrace encompassing a tree line view of 88th Street. Pre-war style inspired detailing has been refreshed to meet modern luxury expectations, including a formal elliptical entry gallery with coved ceilings and custom plaster wainscoting complimented by herringbone flooring. The primary entertaining area features custom-designed plaster ceilings and wainscoting paired with 7. 5-inch-wide Austrian White Oak Flooring and expansive Italian windows framed on the exterior by handmade, hand-set, Kolumba brick from Denmark. Residence 4B features an open-plan living area encompassing a custom-designed kitchen with white lacquered cabinetry custom designed by Molteni & C Dada for DDG, Statuario marble counter-tops, as well as a full suite of Gaggenau appliances and natural brass fixtures by Fantini. The bathroom includes radiant heated flooring, silver travertine slabs, mosaic tile accented floors, oak cabinetry with undermount Duravit sinks and honed Bianco Grigio marble countertop and cove lighting complemented by Fantini fixtures in natural brass.
180 East 88th Street is an increasingly limited collection of 46 condominium residences with 24/7 doorman & concierge services and an impressive 8 floors of amenities including a fitness studio, double-height basketball court, soccer pitch, playroom designed in collaboration with the CMA, game room, and residents' lounge with catering kitchen. Additionally, wine storage, residential storage, and bike storage are available for purchase. Sponsor reserves the right to make changes in accordance with the Offering Plan.
The complete offering terms are in an Offering Plan available from the Sponsor. File No. CD15-0154. Sponsor: 180 East 88th Street Realty LLC, 375 Hudson Street, 12th Floor, New York, NY 10014. Equal Housing Opportunity.
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Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,801 | $6,379 | $8,603 |
Total Monthly Payment | $5,926 | $6,504 | $8,728 |
* 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.