Sitting on the pen-ultimate floor of a full-service cooperative, apartment #11G features 9. 5 ceilings, over-sized windows and a lovely western exposure. The kitchen has been re-imagined from the original floor plan, repositioning the refrigerator, which has allowed for additional storage by way of cabinets and a pull-out pantry.
The open kitchen opens up into the living room, allowing for a two-person breakfast bar experience. The current owner has added a floor-to-ceiling customized closet on the western wall of the living room courtesy of TransForm, adding to the many storage options found throughout the home. The wood strip floors throughout the living room are in excellent shape, and the living room window overlooks Madison Avenue towards the west. All electric & lighting boxes have been replaced throughout with Legrand Adorne Smart Outlets & Switches, all covered with Custom Alligator Embossed Thermofoil plates. The outlets include USB in the living room & bedroom. The bathroom features attractive subway tile and polished chrome fixtures, in addition to a Fresca medicine cabinet with LED lighting.
A full-sized (and customized, naturally) bi-fold closet in the hallway across from the bathroom allows for even more storage for clothing, shoes or general utility. In the bedroom, the owner has added fully a customized (California) white-lacquered closet system complete with rods, shelves and drawers, maximizing every square inch of this very special home.
159 Madison Avenue is a well-established cooperative featuring a 24-hour doorman, porter and resident manager. There is also on-floor laundry and storage rooms (wait list); bike storage, a package room and a lovely roof terrance. In-unit washer/dryer and pets allowed with board approval. Subletting is allowed but limited to three years out of every five after residing in the apartment for two. Pied-a-terres, parental gifting and co-purchase are also permitted. Easy access to Whole Foods, CVS, the Lexington Avenue Subway line, Madison Square Park, Grand Central Station and Penn Station.
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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 | $479,999 | $479,999 | $479,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.439% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,995 | $2,917 | $1,995,997 |
Total Monthly Payment | $3,087 | $3,009 | $1,996,089 |
* 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.