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Versatile, spacious, bright, and perfectly convenient Lenox Hill gem!
This converted 1-bedroom unit blends the best of all worlds. Whether used as a primary residence, pied-a-terre, or investment property, it allows you to save on a substantial mortgage tax (like a co-op) while granting you the more relaxed rules of a condo (like subletting from day one).
Facing the private, zen-like, rear courtyard of the building, you immediately appreciate the serene setting upon entering the home. It is excellently kept and has virtually no wasted space.
The long and spacious living room invites you to put your creative juices to work, for an array of design choices, all while receiving plenty of natural light from the oversized windows.
Through the French doors is the bedroom. Currently also used as a home office, the Murphy style bed allows for maximum efficiency.
The cheerful kitchen offers all of the modern amenities to prepare your favorite meals under its handy track lighting. There is a chic sliding barn door to have the space open or keep it hidden.
The bathroom is generously sized, in case one prefers to install a washer/ dryer.
The Royal York is an upscale building offering concierge, onsite parking, a live-in resident manager, a large landscaped courtyard, a fitness room, storage rooms for bicycles and additional items, a common laundry room, and more.
This is a truly excellent opportunity!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$610,000
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 | $488,000 | $488,000 | $488,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.295% | 6.644% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,288 | $3,288 | $4,218 |
Total Monthly Payment | $3,380 | $3,380 | $4,310 |
* 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.