Very low monthlies + 421A tax abatement through 2027! Mint condition 1 Bedroom in the highly sought-after boutique condo – One Murray Park. Named after the park in which it abuts, The John F. Murray Playground, which offers a newly constructed soccer field, basketball and racquet courts, as well as gardens and a dog run…an excellent getaway from city life! The condo was developed in 2012 and continues to offer a 421-A tax abatement. Conveniently located 1 block from the E/M/G/7 Trains at the 21st Street/Court Square Station and embraced as part of both the Court Square and Hunters Point areas, so you’ll get to enjoy both sections of Long Island City. The apartment is in mint condition with high-end appliances and includes a LG washer/dryer. Part-time doorman + full-time super, fitness room, library lounge, bike room, furnished roof deck (w/BBQ Grill), and only 45 units, make this a small building easy to manage and a nice welcoming community…. no waiting for the elevator like in the high-rise towers and no long walks to the subway on those rainy and cold days. Compared to purchasing in a brand new development, you won’t have to pay any sponsor closing costs…further making this a wise apartment to consider if you want to live in the flourishing Long Island City community! Co-signors, co-purchasers, gifts, and pied-a-terres welcome. Temporary Assessment for Renovating Lobby
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,150,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,939 | $5,442 | $7,578 |
Total Monthly Payment | $5,064 | $5,567 | $7,703 |
* 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.