Charming 1-Bedroom Apartment in the Heart of Harlem
Welcome to 162 Lenox Avenue, a vibrant and historic building perfectly positioned in premier Harlem location! This beautifully renovated one bedroom, one bathroom apartment seamlessly blends modern upgrades with the timeless charm of classic New York living. Inside, you'll find an open floor plan with high ceilings, a newly renovated bathroom and hardwood floors throughout. Large windows facing east offer lovely tree views and allow abundant natural light to stream into this delightfully updated apartment.
This is a Housing Development Fund Corporation (HDFC) building and income restrictions apply, with maximum income no more than 165% of the New York City Area Median Income (AMI). Income limits for most recent data are as follows: $154, 110 for 1 person, $176, 220 for 2 people, $198, 165 for 3 people, and $220, 440 for 4 people. Subletting is allowed for a period of two years subject to Board approval - rent cannot exceed maintenance by more than 10% and the subtenant must meet the 165% of the median income limit.
The building comes equipped with security and intercom systems and a full-time superintendent in a recently renovated lobby. Ideally situated in one of Harlem's most desirable areas, this apartment is surrounded by rich culture, including nearby parks and restaurants. Shop nearby include Whole foods, Trader Joes and all shopping you can need located nearby. You'll also enjoy easy access to mass public transportation, with the 2/3 and B/C subway lines and the M2, M7, M101 and M102 bus lines just steps away, making commutes a breeze.
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Our Executive Mortgage Banker:
Our Insurance Division:
$347,900
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 | $278,320 | $278,320 | $278,320 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,899 | $1,850 | $2,347 |
Total Monthly Payment | $1,974 | $1,925 | $2,422 |
* 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.