COMPLETE GUT RENOVATION and TURNKEY Ready for this One Bedroom / One Bath apartment with its own Private Entrance in the Co-Op ‘Beekman Terrace’, situated at the end of 51st Street, above the Peter Detmold Park, the FDR Drive and the East River.
Brand new wood floors run throughout the entire top to bottom renovated apartment. A wall of new windows faces south in the living room allowing for excellent light. There’s a mantle working fireplace for late fall nights or cold winter days. An eastern facing window looks right out to the secret & private garden of the Beekman Terrace Co-Op and a little nook makes a perfect place for a small table. The galley kitchen has all brand new appliances and leads to the bedroom which has more south facing windows (also new) providing excellent sun and easily fits a king bed. The bathroom is windowed as well and there is brand new recessed lighting throughout the entire apartment (donate your floor lamps).
Ceiling height is 9 feet and crown molding throughout the apartment, which comes with its own absolutely private entrance; making this apartment perfect as a residence.
Built in 1924 and converted to co-op in 1927, the ‘Beekman Terrace' is comprised of 34 apartments on 6 floors with 24 hour doormen – although you don’t need to go through doormen to get to apartment 1-G due to its private entrance. The building features an incredible roof terrace, as well as a gym and laundry in the building, all while being a pet friendly (with approval) building. Beekman Terrace allows 65% financing and pieds-a-terre and is within a hand’s breadth of the walking path along the East River and close to the E/F/M trains.
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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 | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,793 | $3,695 | $4,767 |
Total Monthly Payment | $3,885 | $3,787 | $4,859 |
* 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.