Triple Mint One Bedroom at the Colton CONDOminium! Apartment 4M was tastefully gut renovated with detail overlooked to allow for the comforts of modern living in a classic NY pre-war Condo building. The prewar aesthetic was preserved throughout with 9-foot ceilings, beautiful hardwood floors with herring bone pattern accents, recessed dining room shelves, and new solid doors, windows and baseboards were added to complement the historic details. The high prewar ceilings were accentuated by enlarging the height of the doorways throughout the apartment to provide a loft-like airy feel.
The enormous 27 x 12 living room easily fits a work space, living and dining areas. Adjustable recessed LED light fixtures provide all the benefits of new energy efficient lighting. The windowed kitchen was reconfigured as an open concept, with a pass through counter between the kitchen and living room, and has stainless steel appliances, custom cabinetry and granite countertops.
Leading to the primary bedroom is the renovated windowed bathroom with a Duravit sink, Kohler medicine cabinet and a custom-made recessed cabinet for extra storage. The large sun-filled bedroom fits a king size bed with ample room for a sitting area and/or work space. There is shortage of storage with a walk-in closet in the bedroom and an ample 11-foot long hallway closet.
The historic Colton Condominium was built in 1939 and is staffed effectively with a live-in full-time superintendent, a full-time porter, a part-time doorman and a pro-active condo board. The Colton has a bike room, common laundry and soon to open interior garden/courtyard and gym, and a roof deck is expected to be added with expansive views of the Manhattan skyline.
The building is conveniently located near the E, F, M, R and 7 train lines accessing all five boroughs, JFK and LaGuardia airports within minutes. In addition, the exciting Interborough Express project is already in development, creating a 14-mile rail line which will run along existing rail infrastructure between Jackson Heights and Bay Ridge, shortening travel time between Queens and Brooklyn.
Apartment 4M is located in the historic heart of Jackson Heights, where youll have access to an array of outstanding dining as listed in the New York Times list of 100 best restaurants in NYC, shop for the best organic produce at the Sunday farmers market, enjoy an evening of music, poetry, or comedy at Terraza 7, Espresso 77, or The Queensboro or take a food crawl tour or attend the Night Market to discover the worlds best cuisines. Take a short subway ride to Queens best museums The Louis Armstrong House, The Museum of the Moving Image, MoMA P. S. 1, Noguchi Museum, among others. Immerse yourself in the rich history and culture of this vibrant neighborhood, where south meets north, east meets west and old meets new in the most exciting way and possible in Jackson Heights.
The Colton Condominium has created a friendly community of neighbors yet is also investor friendly and renting is allowed. Pets are not allowed.
The sellers will pay the total assessment of $852. 40 which ends January 2026.
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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 | $500,000 | $500,000 | $500,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,323 | $4,287 |
Total Monthly Payment | $3,419 | $3,415 | $4,379 |
* 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.