The Shoreline Cooperative Redevelopment- Step into the future of living at The Shoreline, a top-tier co-op redevelopment gracing the shores of New Rochelle Harbor. This gem is in the midst of an exciting overhaul that promises a slew of upgraded amenities: modern fitness center, a rooftop deck offering water views, a chic co-working space, and a cozy community room perfect for your next gathering. This renovated one-bedroom unit has one of the biggest layouts in the complex and featuring modern stainless steel appliances, parquet hardwood floors, and courtyards views from living room and a nice water view from the bedroom. The complex welcomes investors, allowing immediate subletting with board approval. Exciting future improvements include major upgrades to the basement, hallways, garage, and elevators, boosting both functionality and charm. Don't let this incredible opportunity slip by! Additional Information: Amenities: Virtual Doorman, HeatingFuel: Oil Above Ground,
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Our Executive Mortgage Banker:
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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 | $208,000 | $208,000 | $208,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,384 | $1,382 | $1,783 |
Total Monthly Payment | $1,459 | $1,457 | $1,858 |
* 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.