Sutton Place Oversized One Bedroom With an Outdoor Space. Welcome home. This great one bedroom apartment has a tremendous layout featuring a spacious foyer, expansive living room with dining room that is easily convertible to a second bedroom or home office, and a large terrace with southern and eastern facing river views. The apartment is facing south, and both the living room and the bedroom have an abundance of natural light. The extra large bedroom can easily fit a king size bed and has a great closet space. A perfect urban oasis. 36 South Place South is a beautiful full service building featuring a renovated lobby, a full time doorman, and a resident manager. In addition, there is a beautiful roof deck, a landscaped meditation garden along with a new gym, a laundry room, private storage available for rent, and a bike storage. The building allows for pied-a-terre. co-purchasing, and parents buying for children on a case by case basis. Washer/dryers are permitted with board approval. The building allows 60% financing. There is a 2% flip tax paid by the buyer. Sorry, no subletting and no dogs permitted unless it is a service dog and with the board approval. Cats are allowed. The building requires new buyers buying in the building to install HVAC units. Sutton Place is a beautiful and peaceful enclave location by the East River. The neighborhood sports iconic views of Midtown and a curious mixture of old, classic New York buildings and new, shimmering high rises. There is a crosstown bus outside the building and the E, M, and 6 trains are a couple of blocks away. Sutton Place is a little village in a big city. Located within short distance to Whole Foods (four blocks), Saks Fifth Ave, Bergdorf Goodman, Bloomingdale’s, and many international restaurants. The seller is offering $10, 000 maintenance credit for one year to a new buyer if a contract is signed by end of this year. The current actual maintenance without the credit is $2, 690.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,781 | $2,778 | $3,593 |
Total Monthly Payment | $2,873 | $2,870 | $3,685 |
* 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.