523 West 121st Street, #41, New York (Morningside Heights), NY, 10027 | $825,000

Don't miss this rare opportunity to own a beautifully renovated prewar classic five room apartment in superb condition on a quiet, tree-lined block in Morningside Heights. This classic & graciously flowing layout features a large entry foyer with coat closet, 2 bedrooms, a side-by-side living room/formal wood-paneled dining room, a renovated bathroom with custom fixtures, and a windowed country kitchen with butcherblock countertop, tons of counter space and new stainless steel appliances. This entire apartment has been thoughtfully restored including the beautiful wainscoting, transom doors, base moldings, period woodworking and you will find all the original brass hardware. Apartment 41 has undergone all electrical upgrades and new hard wood floors were laid in 2011.
The Spencer is one of Manhattan's earliest coops built in 1904, this turn-of-the-century building was designed by the renowned architect George F. Pelham following the relocation of Columbia University in 1897. This building provides every service you could desire with full-time door staff, a live-in super, individual storage and bike room (at no charge), central laundry and your mail is delivered to your door daily. This is a 100% shareholder owned building and is pet friendly. Nearby landmarks include Columbia University, Barnard College, Teachers College, Union Theological Seminary, Riverside Church, Manhattan School of Music, Miller Theatre and St. John the Divine. Steps from all public transportation, Riverside Park, restaurants, grocers, and bookstores.
The Spencer has an A rating for energy efficiency and is well ahead of schedule for compliance with NYC required emissions standards. Recent improvements to the building include a new roof, facade pointing, upgraded electrical system, upgraded elevator mechanics and new, energy efficient electric washers and dryers. There is a a semi-annual assessment of $1152. 38 charged in April/October until 2030 for capital gain improvements.

Features

  • Town: New York
  • Cooling: Window Units
  • Levels: 6
  • Amenities: Bike Room; Laundry Room; Common Storage;
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 1 full
  • Year Built: 1926
  • Pet Policy: Pets Allowed
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • LobbyAttendant: FullTime
  • OLR#: RPLU33423209982
  • Days on Market: 56 days
  • Website: https://www.raveis.com
    /prop/RPLU33423209982/523west121ststreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran MH, LLC

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NMLS Mortgage Loan Originator ID 1880936

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523 West 121st Street, #41, New York (Morningside Heights), NY, 10027

$825,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $660,000 $660,000 $660,000
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 $3,747 $4,118 $5,525
Total Monthly Payment $3,839 $4,210 $5,617

* 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.