Welcome to 457 FDR Drive Apt. A505, a beautifully renovated large 2-bedroom, 1-bath coop in the much sought-after East River Cooperative. Offering approximately 1, 100 square feet of expansive living space, this sunny and bright apartment features picturesque views, both east and west. East facing windows look out directly to the East River, the Williamsburg Bridge and the soon-to-be-completed East River Park, while west-facing views are of the co-op's beautifully landscaped private park and grounds below.
The apartment opens into a large foyer, perfect for a work-from-home office space. This area leads into the expansive living/dining area, with breathtaking views of the river from the three oversized windows. There is plenty of space for a big sectional sofa, a media console, and a large dining table to accommodate a dozen friends and family for a dinner party. Adjacent is the beautifully renovated eat-in designer chef's kitchen, perfect for those who love to cook and entertain. Appliances include a Viking 4-burner stove, an extra deep Chef Pro sink, Kitchen Aid dishwasher and a retro-inspired Smeg refrigerator. Custom 'Henrybuilt' walnut cabinetry, Corian countertops, a marble tile backsplash, and gorgeous 'Mosaic House' hand painted cement floor tile complete the space.
The two bedrooms are both king-sized and easily fit additional dressers and/or vanities. The larger of the two rooms has east facing windows with river and bridge views, while the other bedroom faces west with views of the landscaped garden. Each has a large closet. The renovated windowed bathroom has a deep tub with a shower as well as hand-made Moroccan ceramic floor tiles.
The building offers an array of desirable amenities (some for a small fee and/or waitlist), including an on-site parking lot, fitness room, children's playroom, bike and regular storage, and private manicured grounds all exclusively for coop owners. There is also 24-hour security, a 24-hour laundry room, on-site basketball courts and a playground.
The location is unbeatable, with easy access to multiple subways (F, J, M & Z lines), as well as Trader Joe's, Essex Market, The Regal Theater, and a wide selection of nearby restaurants and bars all just a few blocks away. Plus, the soon-to-be-completed East River Park, with multiple playing fields, tennis courts, playgrounds, and bike paths is just outside the front door!
Guarantors, co-purchasing, and parent purchasing for their children are all permitted as well as subletting after 2 years following purchase. Sorry, no dogs or cats permitted. An assessment of $144 begins Jan. 2025. All Open Houses and showings are By Appointment ONLY. Please call the listing agent to schedule a showing.
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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 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.