Modern affordable luxury, quality housing for a better living, Cherry Plaza Condominium. Prime location, convenient living. Close to major business districts, medical facilities, libraries, schools, parks, and senior centers. Walking distance to Main Street subway station, Long Island Railroad station, supermarkets, and shopping malls. Cherry Plaza Condo features excellent space planning and efficient floor layout. High-quality building materials, meticulous craftsmanship. The basement features a laundry room and a gym. The building is equipped with a surveillance security system. The major structure of the building is reinforced concrete two-way flat plate, sturdy, with great overall integrity and sound proofing. The exterior wall veneer is red brick, aesthetically pleasing and durable. The finished floor to ceiling height is about 8 feet 6 inches, offering excellent natural lighting, sunny and bright. The living room and bedroom flooring is 4-inch wide solid hardwood. The kitchen and bathroom use high-quality tiles and engineered quartz, complemented by Jane- European-style cabinets and brand-name appliances, creating an overall warm, elegant, and high-end atmosphere. The units also feature a visual intercom system. North-south oriented, facing south, the building has 25 units, of which 15 are one bedroom and 10 two bedrooms. The first floor consists of a lobby and 13 parking spaces for sale. Ideal for investment or self-living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$836,050
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 | $668,840 | $668,840 | $668,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $348 | $348 | $348 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,850 | $4,228 | $5,644 |
Total Monthly Payment | $4,290 | $4,668 | $6,084 |
* 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.