Residence 11E at 425 East 86th Street is a bright, spacious, and meticulously renovated pre-war 3-bedroom, 3-bathroom home, offering stunning Northern city and bridge views with remarkably low monthly costs. Upon entering, a foyer lined with custom milled white oak closets provides ample storage and features a built-in bar with a wine rack. The heart of the home is the expansive great room, measuring 24' by 20', ideal for hosting large gatherings. It boasts four large windows, flooding the space with natural light. Adjacent to this is a beautifully designed kitchen, equipped with white quartz countertops and backsplash, high-end stainless steel appliances, including a double oven and range with a griddle, and a Subzero refrigerator. The kitchen also offers plenty of storage and counter space, plus a breakfast bar. The layout is designed with privacy in mind, separating the primary suite from the secondary bedrooms. The king-sized primary suite includes custom closets, built-in drawers, a separate walk-in closet, and an en-suite bathroom with a double vanity, soaking tub, and stall shower. The secondary bedrooms are generously sized and each features large modular closet systems and recently updated full bathrooms. Architectural details such as beamed ceilings, custom milled white oak bookshelves, and arched doorways add to the charm. Original wood floors are well-maintained, while low-profile uplighting and recessed lighting accentuate the high ceilings. The home is also equipped with a washer and dryer, a linen closet, and discreetly concealed AC units. 425 East 86th Street is a boutique, 17-story, brick and limestone clad pre-war building built in 1928. The cooperative has a full-time elevator operator/lobby attendant, common storage, laundry room, and live-in resident manager. Ideally located on a tree-lined street of established coops, it is moments away from Carl Schurz Park 1 ½ blocks from Q train at 2nd Avenue. The building allows up to 75% financing and there is a 2% flip tax on sale.
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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 | $1,800,000 | $1,800,000 | $1,800,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,663 | $10,648 | $14,827 |
Total Monthly Payment | $9,788 | $10,773 | $14,952 |
* 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.