Welcome to Unit 8E, 1 bedroom, 1 dining, 1 windowed kitchen, 1 windowed bath at your perfectly located Gramercy Home -“Quaker Ridge”. One of the most desired buildings in Gramercy with open city views from every window. This apartment offers extremely spacious rooms with wood floors throughout. The sleep quiet bedroom can easily accommodate a king size bed plus a desk or fitness bike and the living-room is perfect for entertaining. The windowed kitchen is equipped with a dishwasher and microwave which is adjacent to a separate dining area that is large enough to host an 6+ dinner party. The windowed bathroom has recently been renovated with marble tile throughout, Toto toilet and floating sink. Closets are many and spacious. There are custom Hunter Douglas electronic shades in the living-room & bedroom and an abundance of natural light throughout with city views. Quaker Ridge is a financially secure post war building with 24hour doorman, live in Super, Porter, amazing helpful staff, updated laundry, recently renovated lobby and hallways, resident only self-parking with direct access, storage and bike storage. The building offers reduced bulk rate electric/gas which is billed monthly. At present there is also a monthly energy charge of $163 and a capital assessment of $323 until December 2024. The building allows co-purchasing and pets. No pied-et-terre or guarantors. Located in the heart of Gramercy you are just steps from the Flat-Iron district, Union Square, NoMad, and NYU. Easy access to public transportation and nearby Citi-Bikes.
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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 | $632,000 | $632,000 | $632,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,205 | $4,200 | $5,419 |
Total Monthly Payment | $4,297 | $4,292 | $5,511 |
* 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.