ONE-OF-A-KIND
If you're looking for something special, a one-bedroom with flair and ambiance, one with outdoor space where you can have your own garden, an extra-large one-bedroom with a double-sized bathroom for two, with a kitchen and dining area made for company, and open views from a wall of windows. you might think that's too much to ask for, right? But you can have it all here!
Wait, there's more!
Exceptional closet (seven) and storage space with a HUGE walk-in closet in the bedroom, gorgeous wide-planked oak floors throughout the home except in
the dining and kitchen area where you will find terracotta tiles, so perfect to lead out to your very own terrace where you can enjoy your morning coffee, and
evening cocktail, if you like.
And then there is the building. 501 East 79th has recently completed a magnificent renovation of the entire fa ade, lobby, elevators and roof-deck. Originally built as a co-op in 1959, it is now one of the most beautiful post-war buildings in the area. Because it was always a co-op, the developers made the rooms larger, the layout more gracious, and had fewer apartments per floor, as they were meant to be sold, not rented. This co-op has always been a 100% owner occupied building, and owns the commercial space below, which affords it a great deal of income. The maintenance for the shareholders is reasonable and includes all utilities, including ELECTRIC. Other features of the building include: A beautiful roof-deck, 24 hour concierge, live-in superintendent, bike storage, central laundry, and is pet and pied-a-terre friendly. There is a private garage with a waiting list, and many 24 hour garages on the block. The location is fabulous with excellent restaurants, shopping, food markets, parks, library, a post-office, all within a block or two. Public bus transportation is across the street and subways (the Q and Lexington Ave Line) are close as well. No flip tax.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$879,000
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 | $703,200 | $703,200 | $703,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,993 | $4,387 | $5,887 |
Total Monthly Payment | $4,085 | $4,479 | $5,979 |
* 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.