Light-filled and generously proportioned Junior 1 Bedroom (Alcove Studio) in The Strand Condominium. Perfect for first-time buyers or investors! The oversized wrap-around windows take in light through Southern and Western exposures all day. The separate sleeping area easily fits a king-size bed and the living room has enough room for a formal dining set. The kitchen with a pass which includes a dishwasher, stainless steel gas oven, and a built-in microwave. The windowed bathroom is fitted with marble countertops, floors, and tiles. Heat, gas, water, and Health Club membership are included in your common charges. Laundry room conveniently located on the same floor. Monthly assessments totaling $110. Hotel-Inspired Building Amenities: -Penthouse indoor pool with jacuzzi with skylight -Top floor Health Club with fitness center lounge, sauna & steam room -Resident's lounge & outdoor sun deck -Full-time doorperson, concierge, and live-in resident manager -Bike and storage lockers (upon availability for additional cost) -Connected Parking Garage (managed by a 3rd party company) -Pet, investor, and pied-a-terre friendly Midtown West offers some of the finest lifestyle and cultural highlights in the city, such as the Hudson River Park and the Theatre District. The weekly Farmer’s Market on Saturdays, Target, Big Apple Meat Market, and a multitude of fine dining establishments are all within close proximity. One can easily access the West Side Highway; train lines A, B, C, D, E, N, Q, R, 1, 2, 3, & S; Port Authority; and NYC or NJ ferries.
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $793 | $793 | $793 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,060 | $3,057 | $3,944 |
Total Monthly Payment | $3,945 | $3,942 | $4,829 |
* 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.