Are you ready to start living your dream? Welcome to Southgate, a Bing & Bing, Emory Roth property situated on a cul-de-sac in the Beekman/Sutton place community. Southgate 434- 9A is a beautiful Studio Co-Op situated in a full-service, pre-war building, with On-Site Management, 24 hour doorman, a laundry and a bike room, including art deco touches throughout. Our spectacular outdoor garden extends the length of four of our buildings. The garden maintenance, taxes, heat and electric are included in the monthly maintenance. As a resident, you can join our neighbors in garden get-togethers or at our annual December get-together when the Juilliard students perform live music in the garden. This studio has a large wood burning fireplace and custom-built queen size Murphy bed. Separate kitchen includes stainless fridge, dishwasher and gas oven and includes a microwave. This particular apartment 434. 9A does not require Board approval/financials, only an application. Flip tax is being paid by the Seller. Price of purchase $494, 000 and maintenance is $1269. 94 and capital assessment is $161. 85 effective May 2024 through July 2027. The Seller is currently paying the monthly assessment and any balance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$494,000
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 | $395,200 | $395,200 | $395,200 |
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 | $106 | $106 | $106 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,629 | $2,627 | $3,389 |
Total Monthly Payment | $2,810 | $2,808 | $3,570 |
* 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.