Amazing opportunity to become a homeowner in New York City's oceanfront community of Arverne by the Sea! This legal two-family townhouse Grand Bahama model in the Dunes section is just two blocks from the ocean and boardwalk as well as two blocks from all transportation to Manhattan. This end unit has lots of natural sunlight throughout. The main unit is 3-bedrooms, 2 full bathrooms with a bonus room and fabulous rooftop terrace. This open concept living/dining area has a beautifully upgraded kitchen with high-end stainless appliances, custom cabinetry, marble countertops, custom backsplash, and high-power ventilation hood for cooking. Throughout the property, you have recessed LED lighting with dimmer switches and lovely cherrywood and oak flooring. The patio doors lead out to a beautifully landscaped yard space with bluestone tile including tiled and elevated platform for grill. Privacy landscaping around yard space includes your very own peach tree! This versatile floor plan has a full bathroom and nice sized bedroom plus a laundry room with full sized machines on the first floor. The A/C condenser was just recently replaced with a newer more efficient unit. Ample garage space for storing all your beach gear plus driveway with a parking space and home security system. Bathrooms are upgraded with custom massage/rain shower heads and beautiful glass tile. The second floor has two nice-sized bedrooms plus full bathroom. The third floor has a great "bonus room" space that can be used as office space, guest room, gym space, etc. The beautiful roof terrace has NYC skyline views to top it all off!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,150,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $174 | $174 | $174 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,442 | $5,815 | $7,888 |
Total Monthly Payment | $5,741 | $6,114 | $8,187 |
* 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.