The building benefits from a 15-year 421-A tax abatement . A spacious one-bedroom condominium, located just moments from Manhattan, offers a blend of luxury and convenience in one of the most sought-after areas of Long Island City. The apartment features an open kitchen with soft-close cabinets, top-of-the-line stainless steel appliances, an in-unit washer/dryer, and multiple closets for ample storage. Additional highlights include a private balcony, a Nest Thermostat System, built-in Bluetooth speakers, and a king-and-queen-sized bedroom with a walk-in closet. Enjoy generous living space, excellent natural light, and sleek modern finishes. Situated in the Queensboro Tower, this unit combines contemporary design with modern comfort and distinctive interiors that set it apart from other properties in the area. Located on the 7th floor, the building features a virtual doorman, fingerprint keyless entry, a beautiful lobby, and an elevator. This prime location is just one stop to Midtown Manhattan and one block from the Queensboro Plaza and Queens Plaza subway stations, served by the N, W, 7, R, E, and M trains, providing unparalleled access to the city. Neighborhood Highlights Enjoy the vibrant Long Island City lifestyle with access to great dining and amenities nearby, including Birch Coffee, The Baroness Bar and Kitchen, Etto Espresso Bar, Baker House Market, House Of Thai, Chip NYC, and Crescent Grill. The area is also well-served by multiple bus lines (Q32, Q60, Q101, Q102, Q67, Q66, Q39, Q69) and Citi Bike stations, offering unparalleled convenience for residents.
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Our Executive Mortgage Banker:
Our Insurance Division:
$861,300
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 | $689,040 | $689,040 | $689,040 |
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 | $2 | $2 | $2 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,912 | $4,299 | $5,768 |
Total Monthly Payment | $4,006 | $4,393 | $5,862 |
* 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.