NO FEE - This is one of the best studio-loft layouts, like a one-bedroom, at the luxurious Arris Lofts Condominium in Long Island City, perfectly located on Court Square. This very bright 837 SF convertible one-bedroom residence is in a great condition and features soaring 14-foot ceilings, a wall of windows facing the peaceful interior Japanese-style garden, beautiful hardwood floors and plenty of closets.
The generous alcove/sleeping area, with its own HVAC, two closets and direct access to the bathroom, is separated by a glass sliding door and fits a king-size bed and much more. The bathroom has a deep soaking tub and a standing rain shower. The open kitchen is fully equipped with a dishwasher, Liebherr fridge, microwave. A washer and dryer in the apartment make life easier. SORRY, DOGS ARE NOT PERMITTED FOR TENANTS.
Built in 1920, Arris Lofts, once home to the Eagle Electric Manufacturing Factory, was impeccably converted in 2006 and designed by renowned architect Costas Kondylis. Enjoy the very best amenities such as 24-hour doorman and concierge service, the 8, 000 sq ft fitness center with top-of-the-line gym, salt-water swimming pool facing the interior Zen garden, and sauna, landscaped and furnished roof terrace with spectacular views, a parking garage, kids playroom, and common laundry.
The location is great, near excellent public transportation accessing all 5 boroughs and local airports within minutes. The E, M, 7, and G subway trains, just a block away, are only one stop to Manhattan, and the R, N lines trains are right nearby as well. Trader's Joe market opened two blocks away on Jackson Avenue. And Target will open a store on Court Square in 2022. Do not miss it, contact us today to schedule an appointment.
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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 | $3,320 | $3,320 | $3,320 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $20 | $20 | $26 |
Total Monthly Payment | $95 | $95 | $101 |
* 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.