Murray Hill Studio with Unlimited Subletting after 2 Years
Your new home awaits at The Lexington, a mid-century landmark building, in the heart of Murray Hill.
5C is a generously proportioned studio apartment with beautiful sunlight streaming through its oversized east-facing windows. You'll enjoy the flexibility of being able to arrange your furniture in a variety of ways to create designated living, dining, sleeping and WFH areas!
Be the first to cook in the just-renovated kitchen with plenty of cabinet space, a new dishwasher and over-the-stove microwave, quartz countertop and backsplash, and new ceramic tile flooring. The classically styled bathroom features a pedestal sink, black and white floor tiles, and subway tile on the walls.
288 Lexington Avenue is pet friendly building with a terrific live-in resident manager, part-time doorman (4pm - 12am), porter (8am - 4pm), central laundry, and a package/storage room. The building has LOW maintenance, allows 80% financing, co-purchasing, pied-a-terres, gifting, parents buying for children, and subletting after 2 years of residency.
This is the perfect location for easy travel via Grand Central, just 5 blocks away. The East River ferries, Penn Station, Madison Square Park, Bryant Park and the Morgan Library Museum are all nearby. In the neighborhood you'll find plenty of restaurants, coffee shops and great food shopping at Trader Joe's and Fairway.
Call today to schedule a viewing!
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Our Executive Mortgage Banker:
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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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,124 | $2,122 | $2,737 |
Total Monthly Payment | $2,199 | $2,197 | $2,812 |
* 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.