Live in a spacious, lustrously sunlit Jr. 4 -- one or two-bedroom apartment -- in the sought-after Salem Co-op in Historic Jackson Heights. This apartment is "move-in ready, " offering large Living, Dining, and Bed rooms. The separate Dining Area sits in a windowed corner, off of the Living Room and Kitchen, and can be a bright Second Bedroom, or your enviable Home-Office. You want to come to see this fetching apartment quickly, because it won't last long on the market. It combines historic details -- a "sunken" Living Room with the original guard-railings, parquet oak floors, Deco-period archways, 9-foot coved ceilings, and four large closets -- with a well-maintained kitchen and pristine, recently up-dated bathroom. An added bonus: every room features a ceiling-fan, and is literally bathed in Southern light, from mid-morning until early evening. The Salem is a friendly, well-managed and meticulously maintained Art-Deco Era Boutique Co-op, with only 54 units. Located in the heart of the Jackson Heights Landmarked Historic District, this Co-op features a "Walk-Score" of 98 and a "Transit-Score" of 100. It is literally five-minutes from the public transportation hub at the 74th St. /Roosevelt subway station. There you can catch five subway lines -- the E, F, M, R, or 7 -- as well as direct express buses to La Guardia airport. The six-story elevator building features a shared back garden, children's playroom, exercise workout room, storage (wait-listed), laundry room, bike storage, and a live-in Super who is known for the care he provides to the building and its owners. Fios internet is available. Cats and Dogs are welcomed. Subletting is allowed, with approval of the Board, after two years of owner occupancy.
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Our Executive Mortgage Banker:
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$409,000
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 | $327,200 | $327,200 | $327,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,232 | $2,175 | $2,759 |
Total Monthly Payment | $2,307 | $2,250 | $2,834 |
* 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.