Welcome to this spacious Alcove Studio located in the vibrant neighborhood of Jamaica. This apartment offers a comfortable and well-lit living space, thanks to its row of windows that allow ample natural light to flood the room. Youll find plenty of storage space with numerous closets, allowing you to keep your belongings organized.
The building boasts a live-in superintendent, ensuring prompt assistance with any maintenance needs that may arise. Additionally, theres a convenient laundry room within the building for your convenience. Situated just six blocks away from the Parsons Blvd E & F subway trains, commuting becomes a breeze, connecting you to various parts of the city. For those seeking even more transportation options, Jamaica Station is a mere twelve blocks away, offering access to the subway lines to Brooklyn, Long Island Rail Road (LIRR), and Airport Shuttle service. If youre pursuing higher education, youll appreciate the proximity to York College, which is seven blocks away. And for a delicious breakfast or brunch, the International House of Pancakes (IHOP) is just six blocks away, ensuring you have a variety of dining options at your fingertips. Outdoor enthusiasts will enjoy the proximity to Captain Tilley Park, located directly across the street. The beautiful pond, offers a serene escape from the bustling city life.
Please note that pets are not allowed in this apartment, catering to those with allergies or a preference for a pet-free environment. This is an amazing opportunity for a first-time home buyer to own a charming and well-located residence in Jamaica. Dont miss out on the chance to make this alcove studio your own.
In addition to the fantastic features mentioned earlier, its worth noting that the building offers the convenience of 90% financing. This means that for qualified buyers, the opportunity to obtain a mortgage with a loan-to-value ratio of up to 90% is available. This favorable financing option can make purchasing this alcove studio even more accessible for prospective buyers. Take advantage of this opportunity to own a home in Jamaica with flexible financing options.
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Our Executive Mortgage Banker:
Our Insurance Division:
$120,000
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 | $96,000 | $96,000 | $96,000 |
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 | $639 | $638 | $823 |
Total Monthly Payment | $714 | $713 | $898 |
* 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.