MOTIVATED SELLER!
Spacious corner convertible 3-bedroom (currently 2BR), 3-bathroom condo with balcony in prime Lower East Side location. Enter this loft-like duplex on the main level and you are greeted by both Southern and Western light spilling in throughout the day, with treetop views and plenty of open sky. This level has an open and spacious living and dining room and open pullman-style kitchen, as well as a full bathroom. The expansive, 18+ft custom-built kitchen features a fully vented range, dark grey matte lacquered cabinets, marble countertop and backsplash, newly added walnut butcher block peninsula, and a suite of top-of-the-line appliances. The upper level consists of a king-sized primary bedroom with en suite bathroom, a large second bedroom with two exposures and a wraparound balcony, plus a large windowed home office area and adjacent 3rd full bathroom. Other luxurious details include a 4-zone HVAC system, an in-unit vented washer/dryer, custom remote shades, and video intercom. Additionally, each apartment comes with a dedicated storage unit in basement.
42 Allen is a boutique elevator condo in the vibrant and trendy Lower East Side. Just a couple blocks from the B, D, F, M, J and Z trains, several MTA bus lines and conveniently close to the largest Trader Joe's on the East Coast at Essex Crossing, downtown's newest shopping and entertainment hub.
(Note: Real estate taxes shown in listing reflect the condo tax abatement received by qualifying primary residents. )
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,695,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,356,000 | $1,356,000 | $1,356,000 |
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 | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,699 | $8,460 | $11,351 |
Total Monthly Payment | $7,824 | $8,585 | $11,476 |
* 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.