This is an amazing opportunity to own an affordable condo in Long Island City! The price per foot here is hard to beat and the condo is in perfect condition with beautiful refinished hardwood floors, brand new cabinets, and large windows letting in lots of light! Just over 700 square feet this 1 bedroom and can be converted to a 2 bedroom. Currently it features a large bedroom with space for a king bed, desk and more. The kitchen is open concept with a bar for entertaining guests and a large living room and dining room area. Everything is in excellent condition. This unit is on the first floor and comes with the backyard! You also get a storage locker and there is laundry in the building. If you are looking at this unit I'm sure you know how amazing this location is. You are a short walk from the LIC waterfront with some of the best Manhattan views in New York and surrounded by world class restaurants, bars and breweries. This is also an amazing commuting location half a block from the G train at 21st street and just a few blocks from the 7, E and M trains at Court Square. If you want to escape to the beach the Long Island Railroad is also a short distance and you are close to major highways and buses as well. Reach out now to schedule a showing this deal will not last!!
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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 | $564,000 | $564,000 | $564,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $496 | $496 | $496 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,847 | $3,749 | $4,798 |
Total Monthly Payment | $4,435 | $4,337 | $5,386 |
* 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.