Unit 4J at 860 Grand Concourse is a spacious, south-facing studio with a primary living space large enough to comfortably divide into a sleeping area and living room without feeling cramped. A separate dressing area off the bathroom leaves plenty of room for an armoire or larger dresser, and features a closet to keep your clothing stored away. A unique attribute for a studio is the separate eat-in kitchen with stainless steel appliances and granite countertops. The kitchen nook, which includes the 6-range stove, sink, counter, cabinets, and a wine rack, is tucked behind bi-fold doors so you can conveniently close off the kitchen when you’re done cooking. There is also a closet in the kitchen for additional storage space. 860 Grand Concourse is one of the neighborhood’s well-preserved, art deco-style doorman co-op buildings. It sits in the perfect location near the corner of 161st and Grand Concourse across from the Bronx Supreme Court with a Blink Fitness directly behind it, and just a 4-minute walk from conveniences like the B/D/4 trains, Dunkin’, Starbucks, and two large grocery stores.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,000
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 | $1,600 | $1,600 | $1,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $11 | $11 | $13 |
Total Monthly Payment | $86 | $86 | $88 |
* 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.