Welcome to this beautifully renovated , true 3 bedroom home located in a charming, pre-war boutique building minutes from Columbia University! This affordable gem features a spacious open, windowed kitchen with abundant cabinet space, quartz countertops, stainless appliances and a washer/dryer combo unit. The spacious living area connects to the kitchen via an ample breakfast bar and can also accommodate a small dining table. The king sized primary bedroom has an enormous closet unit and the two smaller bedrooms can both accommodate full sized beds or flex to office or living space.
Additional features of this lovely apartment include a nicely appointed bath, engineered wood flooring , an entry gallery with exposed brick, 9 ft. + ceilings throughout and very low maintenance costs.
501 West 122nd Street is conveniently located on a tree lined street close to Columbia University and Barnard College, the 1 train and express buses on 125th Street, Morningside Park, and numerous restaurants and bars in Morningside Heights and South Harlem. Guarantors, co-purchasing, parents buying for children, and 90% financing are all permitted. Pets are welcome. Bike storage is free of charge.
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Our Executive Mortgage Banker:
Our Insurance Division:
$595,000
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 | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,167 | $3,127 | $4,014 |
Total Monthly Payment | $3,259 | $3,219 | $4,106 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.