Welcome to your new seaside retreat! This spacious 1-bedroom corner unit co-op is nestled in the heart of Rockaway Park, offering the perfect blend of coastal living and urban convenience. Enjoy an open and airy unit with abundant natural light from windows on two sides, highlighting the beautiful ocean views and creating a warm, inviting atmosphere. The unit features stunning hardwood floors throughout, providing an elegant touch to the space. You?ll appreciate the updated kitchen and bathroom, complete with modern fixtures and a refreshing shower. The massive closet space ensures all your storage needs are met. Just steps from the beach and boardwalk, you can easily indulge in daily seaside strolls or sun-soaked afternoons. The location is incredibly convenient, with a variety of shops, restaurants, and houses of worship nearby, ensuring all your essentials and leisure activities are within easy reach. Excellent public transportation options, including nearby buses, subway lines, and a ferry service to Brooklyn and Manhattan, make commuting a breeze. The building also offers a bike room on-site, perfect for storing your bicycle after exploring the scenic surroundings. This delightful co-op combines the best of oceanfront living with the vibrant community amenities of Rockaway Park. Whether you're looking for a serene home or a convenient getaway, this charming unit in the Barocrest is ready to welcome you. Don't miss out on this rare opportunity to own a piece of coastal paradise. Subject to terms and conditions of offering plan.
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Our Executive Mortgage Banker:
Our Insurance Division:
$360,000
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 | $288,000 | $288,000 | $288,000 |
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 | $1,989 | $1,914 | $2,429 |
Total Monthly Payment | $2,064 | $1,989 | $2,504 |
* 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.