ALL OPEN HOUSES AND SHOWINGS ARE BY APPOINTMENT ONLY. YOU MUST MAKE AN APPOINTMENT WITH THE SPONSOR'S SALES TEAM IN ADVANCE.
Residence 308 is a 893 SF two-bedroom and two-bathroom, offering incredible value for the space and the quality.The complete offering terms are in an offering plan available from sponsor. File no. CD22-0237. Sponsor: 370 LENOX LLC, c/o Renaissance Realty Group, 1019 Avenue P, Suite 501 Brooklyn, New York 11223. Plans, specifications, and materials may vary due to construction, field conditions, requirements, and availabilities. Sponsor reserves the right to make changes in accordance with the offering plan. Units will not be offered furnished. All images are artist's renderings. Images, renderings, representations and interior decorations, finishes, appliances and furnishings are provided for illustrative purposes only and have been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes and withdrawal without notice. Prospective purchases are advised to review the complete terms of the offering plan for further detail as to the type, quality, and quantity of materials, appliances, equipment, and fixtures to be included in the units, amenity areas and common areas of the condominium. Equal Housing Opportunity.
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,884 | $3,828 | $5,051 |
Total Monthly Payment | $3,976 | $3,920 | $5,143 |
* 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.