508 E 78th Street, #5D, New York (Upper East Side), NY, 10075 | $500,000

Simply gorgeous! 1BR/1BATH/2 BALCONIES This artfully designed one bedroom at the Cherokee offers a perfect blend of classic Pre War architectural elements and good taste. Inviting warmth greets you as you step inside with beautiful hardwood floors, and abundant natural light from two exposures. From the architectural interest and character of exposed brick, complemented by high ceilings, and sun from tall windows that enhance the sense of space, everything seems "just right. " The living area feels airy and roomy with 2 built-in bookshelves as the perfect frame for your sofa and art work. The triple sashed, oversized windows are the central feature here. They open all the way up allowing you to step right out onto one of your two private balconies to enjoy stunning city and river views. You'll never want for natural sunlight or a breeze, with both northern and southern exposures ensuring an abundance of natural light and airflow throughout the day. The kitchen has been artfully designed to use every nook and cranny featuring a gas stove, a dishwasher and creative storage making meal preparation a breeze. The windowed bathroom has been tastefully updated, providing a serene retreat. Talk about views! Step out onto one of your two private balconies to unwind after a long day or enjoy your morning coffee, while looking out onto the East River watching the sunrise. You'll want to bring your own "touches" to personalize this place, but you'll agree it's really close to perfectly unique just the way it is. The Cherokee is a one of it's kind New York City treasure. Originally constructed in 1909 The Cherokee is composed of a remarkable series of 4 elegant courtyard buildings, focusing on natural lighting, ventilation, and beautifully detailed with fine materials unavailable to today's builders. The cooperative is managed by an onsite/ live in super and offers a central laundry room, free bike room and a package room and storage units are available for a nominal fee. This flexible cooperative allows parents purchasing, co-purchasing, guarantors, and immediate unlimited subletting. Monthly maintenance includes both Gas and Electric Note-Dishwasher can easily be replaced with Washer/Dryer combo: ask broker for details.

Features

  • Town: New York
  • Levels: 6
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: 225.000000x102.170000
  • Laundry: Common Area
  • Year Built: 1910
  • Common Charge: $1,271 Monthly
  • Approx Sq. Feet: 0
  • Est. Taxes: $0
  • View: River
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Dishwasher,Gas Cooktop,Gas Oven
  • MLS#: COMP-170800162677964
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/COMP-170800162677964/508e78thstreet_newyork_ny?source=qrflyer
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Listing courtesy of Compass   Phone: (212) 913-9058

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NMLS Mortgage Loan Originator ID 1880936

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508 E 78th Street, #5D, New York (Upper East Side), NY, 10075

$500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,729 $2,659 $3,373
Total Monthly Payment $2,821 $2,751 $3,465

* 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.