Welcome to #4B at Magnolia Mansions Lofts, a standout duplex loft in trendy East Harlem. This exquisite residence features impressive 15ft ceilings, floor-to-ceiling windows, and renovated bathrooms, offering over 1600 square feet of versatile living space with FLEX 4 bedrooms and 2 full bathrooms.
Upon entering, you are greeted by a generous foyer bathed in Southern light. The first floor boasts an expansive living room, a windowed open kitchen equipped with a dishwasher, extensive cabinet space, and granite countertops. Additionally, this level includes a full-size bathroom and a flexible bedroom/office space. The second floor houses three additional bedrooms and another full-size bathroom, complete with a stack washer/dryer for your convenience.
Magnolia Mansion Lofts is a unique building, originally converted from a school into a condominium in 1987. It offers a full-time superintendent, a video intercom system, rooftop access, and a shared courtyard. The courtyard provides a serene oasis with tables and barbecue grills, perfect for relaxation and social gatherings. Pets are welcome in this community.
This property combines historic charm with modern amenities, making it a truly exceptional place to call home.
$5540 is the net effective amount as the owners are offering one month (final month) free on a 12 month lease.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,540
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 | $4,432 | $4,432 | $4,432 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $30 | $29 | $38 |
Total Monthly Payment | $105 | $104 | $113 |
* 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.