Welcome to Apartment 16E, a newly renovated two-bed, one-bath home in a full-service doorman building. On a high floor, this apartment receives beautiful natural light through its oversized windows and both eastern and western exposures. The entry foyer, with two closets, opens to an expansive living room that can easily accommodate a separate dining area. The modern kitchen has plenty of storage, quartz countertops and stainless-steel appliances including a large refrigerator and dishwasher. The windowed bathroom has wood-like tile flooring and clean white fixtures. The oversized primary bedroom has a double wide closet and is pin-drop quiet as it faces the back of the building. The second bedroom also has nice storage and could be used in a multitude of ways. No details were left untouched in this truly special apartment. 400 East 85th Street prides itself on being an extremely well-run building with excellent maintenance. The coop has excellent financials, in part to owning the commercial spaces on the ground level including a garage. You have a full staff including a 24 hour doorman and live-in super. There is also bike storage, a fitness center, a meeting room and storage rooms. Pets, pied-a-terres, co-purchasers, guarantors and 75% financing is permitted. As a shareholder, you will also find the location incredibly convenient being in close proximity to the 4, 5, 6 and Q trains as well as the cross town 86th Street bus. Please note, some photos have been virtually staged.
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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 | $772,000 | $772,000 | $772,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,383 | $4,753 | $6,411 |
Total Monthly Payment | $4,475 | $4,845 | $6,503 |
* 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.