We love a corner apartment. This is the largest 2 Bedroom/ 2 (full) Bathroom home in The Bennett Arms, an impeccably maintained iconic Art Deco cooperative in prime Washington Heights. It also rivals the square footage of almost any true two-bedroom available in Hudson Heights. When you enter this second floor, oversized apartment you are immediately struck by its art deco features - spacious closets, newly refinished hardwood floors with inlays and elegant sweeping ceiling curves that lead into the wonderful and sunlit East facing sunken living room. The living room is long and wide and features bay windows overlooking the trees of Bennett Avenue. The bright eat-in kitchen is also windowed, with ample room for your own dining table or breakfast bar (or home office!). While the kitchen and bathrooms could use some renovation, you can easily enjoy this home as it is. A wide and welcoming hallway leads to two ample bedrooms, including the primary with its wall of windows, en suite bathroom (with vintage pink tile), walk in closets and all the space and prewar charm of the late 1930's. The second bedroom is also oversized, with lots of closet space and bright North facing windows. The Bennett Arms features original murals, curving forms, and smooth polished surfaces that harken to the exquisite craftsmanship and modern style of the Chrysler and Empire State buildings. This coop was built in 1939 with 84 units and boasts amenities including an elevator, garden, bike room, storage, central laundry, and resident superintendent. The A train is around the corner, and the home sits between Fort Tryon Park, Bennett Park, and all the restaurants and coffee shops Washington Heights has to offer. There is a 1% flip tax payable by the seller, and dogs, unfortunately, are not permitted. The faade has been recently restored and that project is scheduled to be completed by September 1, 2024. Floor plan coming soon.
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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 | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.439% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,139 | $3,058 | $2,092,473 |
Total Monthly Payment | $3,231 | $3,150 | $2,092,565 |
* 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.