90% financing allowed and low monthly maintenance! Prewar charm and character meet thoughtful updates in this sun-kissed two-bedroom, one-bathroom Morningside Heights co-op surrounded by some of uptown's most beautiful parks and campuses. A long gallery entry perfect for bookshelves and shoe storage welcomes you into this handsome home featuring hardwood floors, soaring ceilings, and large windows on the southern and western exposures. The centrally located living/dining room is perfect for gathering and relaxing, while the spacious windowed kitchen offers sleek white cabinetry topped by long butcher block and stainless steel countertops. Cooking and cleaning are a breeze with upscale appliances, including a vented glass-top range, a bottom-freezer refrigerator and a convenient in-unit washer/dryer combination. The two bedrooms feature sunny south-facing windows framing treetop and open-sky views. A renovated bathroom with a large tub/shower, floor-to-ceiling tile and contemporary fixtures completes this Morningside Heights haven. 501 West 122nd is a beautiful, well-maintained cooperative where residents enjoy on-site superintendent service, stroller parking, bike storage and pet-friendly accommodations. This non-elevator building accepts pieds-Ã -terre and co-purchasing with board approval. On this tree-lined uptown block known as Seminary Row, you're surrounded by iconic New York City institutions, including Columbia University, Barnard College, City College of New York, Manhattan School of Music, and Mount Sinai Morningside hospital. Explore the acres of outdoor space at Riverside Park, St. Nicholas Park, Morningside Park and Riverbank State Park, and enjoy the fantastic shops and services along 125th Street, including Whole Foods, H&M and the Apollo Theater. Transportation is effortless with 1, A/C and B/D trains, excellent bus service, CitiBikes and the West Side Highway all nearby.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$645,000
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 | $516,000 | $516,000 | $516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,219 | $3,135 | $4,078 |
Total Monthly Payment | $3,311 | $3,227 | $4,170 |
* 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.