Residence 3L at 1400 Fifth Avenue is a truly-inviting sun-filled, south-facing two bedroom, two bath home in a full service condominium. Enjoy an oversized living and dining area overlooking peaceful building gardens. The well-designed open kitchen is equipped with modern white cabinetry, granite countertops, new oversized stainless steel sink, upgraded lighting, beautiful new ceramic tile floors, and a bar height counter overlooking the dining area. Both bedrooms have southern exposures and face the garden which allow for an ever-changing view, to match the flora of the seasons. The primary bedroom has a large ensuite bathroom. This move-in ready home has been freshly painted throughout to match the newly installed floors throughout the apartment. 1400 Fifth Avenue is one of NYC's first green buildings. This pet-friendly condominium offers excellent amenities including a full time doorman, live-in super, a beautifully-landscaped private courtyard garden, a newly refurbished community room, a children’s playroom, private storage, bike storage, and laundry rooms on all floors from the third floor up. The building allows parents buying for kids. There is also a parking lot with deeded spaces. Nestled between Central Park, Morningside Park, and Marcus Garvey Park, there are recreational facilities in close proximity. One block to the 2 & 3 express trains and close to the 6, B, and C lines add to the desirability of this central location. In addition to the # 116 crosstown and the #1 Fifth Avenue bus lines right on the corner, the # 7 is just one block away, allowing for easy access to central business locations and the Harlem shopping hub on 125th Street which includes Whole Foods, Marshall’s and the legendary Apollo Theatre. Enjoy music in some iconic local restaurants including Red Rooster, Sylvia’s, Settapani, and Lido. Nearby recreational facilities include The Conservatory Gardens and the rustic North Woods in Central Park. A state-of-the-art recreation center is nearing completion which will contain an Olympic-sized swimming pool for recreational and competitive events, as well as a skating rink and other features for competitive sports enthusiasts. Directly across the street from Central Park is The Museum of the City of New York and Mt. Sinai Hospital. Keep in mind the HDFC income requirement: the gross annual income for all occupants may not exceed $333, 504, and the residence must be your primary home. Additionally, the property benefits from a tax abatement which expires in 2032. There is a 3% flip tax, paid by the buyer.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,650 | $4,022 | $5,601 |
Total Monthly Payment | $3,742 | $4,114 | $5,693 |
* 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.