311 East 25th just off of Second Ave, where Gramercy meets Kips Bay.
Amazing deal for investors, subletting permitted from the first day! Please note that this MUST BE A CASH DEAL.
You'll enter this apartment through the 25' foyer, a perfect blank canvass to create your own personal art gallery. Within this entry space, there are multiple closets - storage space will not be an issue. This spacious studio, which faces the back of the building and is pin-drop quiet, has a well appointed floor plan, easily fitting a queen sized bed, couch, small table, dresser and a desk. With a renovated kitchen and updated bathroom, this apartment is a perfect starter apartment or investment.
Located on the top floor of a boutique elevator building, the building features a live-in super, and is flexible for co-purchasers, guarantors, pied-a-terres, and parents buying for children. Transportation is very convenient. Right outside the building is a Citibike station. Close to the 6 train at both 23rd and 28th St, plus the 23rd St N, R, W trains. ; You are also close to the Second Ave bus, First Ave bus, 23rd St crosstown buses.
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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 | $247,200 | $247,200 | $247,200 |
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 | $1,645 | $1,643 | $2,085 |
Total Monthly Payment | $1,720 | $1,718 | $2,160 |
* 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.