PICTURE THIS: If you are enchanted by a Parisian apartment experience, consider this lovely co-op in Manhattan, a two-bedroom duplex, located in a former historic Beaux-Art mansion. The handsome Renaissance Revival structure was designed by noted Gilded Age architect, C. P. H. Gilbert. All the windows, including two very large bay-style windows, face onto leafy Riverside Park and the Hudson River. The uber-light-filled apartment has gracious living and dining rooms, and a kitchen that includes a Liebherr refrigerator. The apartment features two full-bathrooms (one on each floor). The ceilings average 10-feet high. The upper floor contains the bedrooms and a large storage space complete with washer/dryer, a rare amenity in a co-op apartment. The electricity in the apartment has been upgraded, and provides sufficient power for air conditioning units and more. The primary bedroom size is significant, and can easily accommodate a king-size bed and couch, as well as other pieces of furniture. The second bedroom is a standard size. Again, all the rooms face Riverside Park! The building offers large storage units for a nominal monthly fee of $25. 00 per month. I often hear laments from clients that many of the apartments they look at have blocked sight lines or views of brick walls. This apartment is clear of any exterior obstacles and has totally unobstructed views. Although the apartment can use some updates, it is clearly a magical space, and can be transformed into a gem, and is sure to prove a solid investment. The area is close to Columbia University. and mere blocks away is access to public transportation, including buses and the 1, 2, and 3 subways lines. Nearby Broadway boasts an array of food markets, restaurants, wine stores, as well as bagel, coffee, and dessert shops. Co-purchasing and gifting is permitted. Pets and pied-a-terre purchases will be reviewed by the board.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,928 | $5,347 | $7,249 |
Total Monthly Payment | $5,053 | $5,472 | $7,374 |
* 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.