Welcome to your dream oceanfront oasis in the heart of Rockaway Park! This spacious 1-bedroom co-op offers an unparalleled beachfront lifestyle that's perfect for those seeking the ultimate combination of relaxation and urban convenience. Nestled along the picturesque coastline of Rockaway Beach, this large 1-bedroom co-op boasts breathtaking ocean views and a serene ambiance that will transport you to a world of tranquility. This property offers a unique opportunity to embrace the coastal lifestyle. Upon entering, you'll be greeted by an open and inviting living space flooded with natural light. The spacious living room features large windows that frame the mesmerizing ocean vistas, creating a soothing atmosphere where you can unwind after a long day. The galley kitchen is a chef's delight, featuring a window with a view, ample counter space, and a cabinets for storage. The bedroom is generously sized and offers a peaceful retreat with the soothing sound of the waves lulling you to sleep. The bathroom is thoughtfully designed, providing functionality. Enjoy direct access to the beach, allowing you to enjoy leisurely walks on the sand, picnics, and sunsets from the comfort of your own home. Situated in the vibrant neighborhood of Rockaway Park, you'll have the best of both worlds: a serene beachfront escape and easy access to the city's conveniences. Stroll along the boardwalk, savor fresh seafood at nearby restaurants, and embrace the beach lifestyle to the fullest. Commuting to Manhattan is a breeze, thanks to the nearby subway, ferry and bus options. Just 25 minutes to JFK International airport. Subject to terms and conditions of offering plan and board approval.
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Our Executive Mortgage Banker:
Our Insurance Division:
$340,000
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 | $272,000 | $272,000 | $272,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,810 | $1,808 | $2,332 |
Total Monthly Payment | $1,885 | $1,883 | $2,407 |
* 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.