Welcome to Apartment 5L at 505 East 79th Street, a sunny 2-bedroom, 2-bath home with private outdoor space in a full-service co-op. This lovely residence features a split-bedroom layout, a welcoming entryway, extensive built-ins, a separate dining alcove, ample closets, and gracious room proportions. The entire apartment is south-facing, overlooking a quiet section of wide 79th Street.
The living room showcases a full wall of elegant custom built-ins. The private balcony is large enough to enjoy a morning cup of coffee with seating. The kitchen boasts granite countertops and appliances from SubZero, Bosch, and others. The custom cabinetry has been thoughtfully designed for maximum storage. The dining area includes a built-in banquette, making excellent use of space.
The primary bedroom is spacious enough for large furniture and offers ample closet space. The renovated ensuite bathroom features Kohler fixtures and a glass-enclosed stall shower. The second bedroom is also spacious and south-facing, featuring a wall of closets. The second renovated bathroom, located off a hallway with plenty of deep closets, is outfitted with Kohler fixtures and has a bathtub.
East River House is a well-established co-op that permits guarantors, gifting, pets (dogs under 35 lbs), and subletting with board approval. 75% maximum financing is allowed. Building amenities include a 24-hour doorman, live-in superintendent, laundry room, and 24-hour attended garage (subject to availability). There is a building-wide assessment for the replacement of the building's chiller, which has been paid in full by the seller.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
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 | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,982 | $6,568 | $8,769 |
Total Monthly Payment | $6,107 | $6,693 | $8,894 |
* 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.