The Motto is a brand new residential building designed by the internationally-renowned architecture firm, Woods Bagot. Situated in the neighborhood of Mott Haven, The Motto contains 263 rental homes in studio, 1-, and 2-bedroom layouts. Residents enjoy a thoughtful offering of bespoke lifestyle amenities as well as close proximity to vibrant Harlem and Randall’s Island Park. Each home at The Motto combines an efficient, open floor plan with select finishes that exemplify contemporary functionality and style. Natural light pours through oversized windows, highlighting warm wood tones and chic stone surfaces. Built-in closets provide ample storage solutions, and several homes boast luxurious private outdoor space. Kitchens feature custom wood-paneled cabinets, beautiful quartz countertops, tiled backsplashes, and a full suite of modern appliances including dishwashers and eco-friendly electric cooktops. Bathrooms boast soothing color palettes and are adorned with matte black fixtures and chic vanity mirrors with integrated LED lighting. Amenities at The Motto are designed to complement different lifestyles and foster a communal vibe. Residents are welcomed by a 24/7 attended lobby and have the convenience of attended car and bicycle parking along with a private driveway. A spacious game room, co-working space, and media lounge has a kitchenette, flatscreen TV, pool table, several seating areas, and an outdoor terrace. There is a fully-equipped fitness center with an attached yoga studio, and on the roof is a sky lounge with a kitchenette, a fire pit, and a wraparound deck with open city views.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,518
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 | $2,014 | $2,014 | $2,014 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $13 | $13 | $17 |
Total Monthly Payment | $88 | $88 | $92 |
* 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.