New York (Upper East Side), NY, 10028 | $475,000

Opportunity abounds! This near-mint alcove studio is excellent as it is, but on other floors, it has been converted to a one-bedroom (and sold between $70- $120k more than this asking price, surely it does not cost that much to put up a wall). Solid oak parquet floors have been refinished and are in mint condition. This alcove studio, 1-bathroom co-op is located at 401 E 86th St in Manhattan, NY. The wall of windows offers blue sky views and overlooks a pretty church, providing an expansive feel. With approximately 585 square feet, it lives like a full house and provides ample space for comfortable living. The building boasts a full-time doorman, ensuring security and convenience for residents. Elevator access makes for easy and seamless entry, and the furnished roof deck allows for outdoor enjoyment and relaxation with panoramic views of the surrounding area. Stay active and fit with access to the building's gym, and take advantage of the convenience of having laundry facilities in the building as well as in every unit. For those with a vehicle, a garage provides parking options, and a bike room and additional storage are available for your convenience. Central AC ensures year-round comfort, and the presence of a laundry room in the building adds to the convenience of living in this exceptional space. A washer and dryer can be added to the unit subject to submission of alteration agreement and engineer review and approval. Sublet policy allows the resident to lease the apartment for 5 years after two years of residency. Don't miss out on the opportunity to call this impressive co-op home. Book your viewing today and experience the best of Manhattan living! This apartment puts you right in the middle of the best the Upper East Side has to offer. Favorites eats like Tha Phraya and Lashevet and late night spots include The Auction House and The Penrose are with in mins. One block away to the Q train, puts you in Union Square in 17 mins.

Features

  • Town: New York
  • Cooling: Central Air
  • Levels: 19
  • Rooms: 2
  • Baths: 1 full
  • Lot Size: 100.830000x181.000000
  • Laundry: Building Washer Dryer Install Allowed,Common Area,In Unit
  • Year Built: 1963
  • Common Charge: $1,109 Monthly
  • Approx Sq. Feet: 585
  • Est. Taxes: $0
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • MLS#: COMP-168851552004230
  • Days on Market: 36 days
  • Website: https://www.raveis.com
    /prop/COMP-168851552004230/401e86thstreet_newyork_ny?source=qrflyer
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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 Compass   Phone: (212) 913-9058

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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New York (Upper East Side), NY, 10028

$475,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $380,000 $380,000 $380,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.708% 7.133% 6.256%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,625 $2,526 $3,205
Total Monthly Payment $2,700 $2,601 $3,280

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.