Sponsor offering to buy down points! 5. 875% interest rate available to qualified buyers!
Residence 4A is a pristine one bedroom (can be converted into a legal two bedroom), two full bath home, featuring 11 ceilings, dual south and northern exposures, with two balconies bookending both sides of the unit. Upon entering into the residence from direct elevator access, you are greeted by an open-concept living room boasting hardwood floors with expansive floor-to-ceiling windows. Double-paned glass ensures city noise is kept at bay while bathing the room in natural light.
The oversized kitchen is complete with a large island, Quartz countertops, modern finishes, and premium Bosch appliance package, including full size refrigerator, dishwasher, and wine fridge. Culinary enthusiasts and hosts rejoice: the hood over the chefs gas range vents out! Moreover, theres a dining room adjacent to the kitchen, spacious enough to accommodate a full-size dining set. Open the balcony doors to invite in the breeze while enjoying a meal with good company.
A generous hallway then leads to the rear of the apartment, providing separation from the main living area. Along the way, youll discover a secondary full bath with sleek finishes, stall shower, and LG combo washer/dryer. Sink into a truly oversized king-sized bedroom oasis, graced with floor-to-ceiling double-paned windows that keep noise at bay. Ample room awaits for custom closet installations, while a private balcony offers the perfect spot for morning coffee or evening relaxation. The primary is further enhanced by an en-suite bathroom featuring a Kohler soaking tub and elegant fixtures.
Conveniently situated on Grand Street, residents of 328 Grand Street enjoy easy access to an array of amenities and attractions. From trendy boutiques and eclectic eateries to lively bars and cozy cafes in the iconic Lower East Side, everything you need is located seconds away from your doorstep. Among the standout venues are captivating jazz nights at the Canary Club, vibrant concerts at The Bowery Ballroom, and the immersive Speakeasy Dollhouse. Complement your evening with a visit to beloved local spots like Ten Bells Wine Bar, Dudleys, Casa Mezcal, Bar Valentina, Orchard Street Grocer, Scarrs Pizza, Cervos, Le Dive, Kikis, and Corner Bar.
For everyday living, convenience reigns supreme with Trader Joes, Target, and Essex Street Market just a few blocks away. Whats more, the residence offers exceptional connectivity, with multiple public transit options close by, including the J, M, Z, F, B, and D lines, ensuring effortless access to the finest offerings the city has to offer.
Exclusive Marketing and Sales Agent: REAL New York, LLC.
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE. CD15-0260. SPONSOR: 328 GRAND LLC, 50 ALLEN STREET, NEW YORK, NY 10002. EQUAL HOUSING OPPORTUNITY.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,063,200 | $1,063,200 | $1,063,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,190 | $1,190 | $1,190 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,120 | $6,720 | $8,972 |
Total Monthly Payment | $7,435 | $8,035 | $10,287 |
* 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.