Welcome to this spacious and completely renovated one-bedroom Co-op located in the sought-after Stonegate community. This turn-key unit offers a modern and stylish living experience with its recent kitchen renovation featuring stainless steel appliances, ample cabinet space, and beautiful quartz countertops. Bathed in natural light, the open-concept living and dining room area is perfect for entertaining and leads to a private balcony with panoramic views. The bedroom provides a cozy retreat with its generous size and a large walk-in closet for all your storage needs. The bathroom has been tastefully upgraded with sleek fixtures and a contemporary vanity. 2 assigned parking spaces included! Enjoy the meticulously-maintained grounds of Stonegate, complete with an inground pool and a picnic/BBQ area. Each building also offers assigned storage spaces and laundry rooms. Prime location, surrounded by local amenities including shops, restaurants, and parks. With seamless access to public transportation and major highways, commuting to NYC is effortless. The board requirements specify a minimum credit score of 775 and a 20% down payment. Income requirements include $38, 000 for cash transactions and $55, 000 for mortgage sales. The buyer's DTI ratio should not exceed 30%, and they must maintain a minimum of $15, 000 in liquid assets.
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Our Executive Mortgage Banker:
Our Insurance Division:
$135,000
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 | $108,000 | $108,000 | $108,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $737 | $718 | $926 |
Total Monthly Payment | $812 | $793 | $1,001 |
* 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.