TERRACE LOVERS- Unique Opportunity! GUT RENOVATED Alcove Studio in Full service Condo Building. Apt 3B is a magnificent alcove studio, with 10 windows- completely gut renovated to perfection, including wide plank oak floors, custom doors and window treatments. One of the standout features of this residence is the private wrap-around terrace. The south facing 640sq foot outdoor, has ample space for entertaining and relaxing, and also provides direct sunlight into the apartment all day. The kitchen has been outfitted with quartz counter tops and lasting quality appliances and cabinetry, and the brand new bathroom has all Kohler fixtures. The entire unit has been gutted, including the plumbing- There is also laundry on the same floor- The Strand is a full service condo high-rise, with first class a round-the-clock doorman, concierge. The sky-top club, occupying the entire 42nd floor, includes the spectacular lap pool, stunning views, sun deck, fully equipped exercise room, men and women steam and saunas, and complete shower and locker room facilities. The Strand Condominium is close to all bus routes and train transportation, Hudson River Promenade and bicycle path, the theatre district, some of the city’s finest dining and shopping destinations and a short walk away to Columbus Circle, Hudson Yards, Whole Foods, Target, cafés… everything!
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Our Executive Mortgage Banker:
Our Insurance Division:
$800,000
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 | $640,000 | $640,000 | $640,000 |
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 | $821 | $821 | $821 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,258 | $4,254 | $5,488 |
Total Monthly Payment | $5,171 | $5,167 | $6,401 |
* 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.