Apartment 56 is a sun-filled, one or two-bedroom prewar home on 31 Tiemann Place, one block from Riverside Park. The apartment was just renovated with new floors, new kitchen and bathroom and freshly painted. The apartment has pretty details and wonderful flexibility. Extra-tall windows with wrought-iron balustrades line the walls drawing in exceptional light and blue-sky views to both the south and east. Hardwood floors, prewar details, and flexible layout offer a new shareholder an amazing opportunity to create a bright and lovely home or pied-a-terre in the heart of the Columbia University/Morningside Heights neighborhood of Manhattan. The layout currently is configured as an open living room/formal dining room or den, a windowed kitchen, full bath with clawfoot tub and two bedrooms; one of which is on a corner with two exposures.
31 Tiemann Place, also known as Edgewood, is a very well-maintained 6-story elevator prewar cooperative built in 1926. The building features a handsome marble lobby, live-in resident manager, and renovated laundry room. Pets and pieds-a-terre are permitted. Sublets are permitted after one year of ownership. Washer/Dryers not permitted.
Located on the beautiful Upper West side of Manhattan in Morningside Heights, 31 Tiemann Place is on a lovely tree-lined residential block one block from Riverside Park and four blocks from Morningside Park, as well as a short distance from Central Park. The building is five blocks from Columbia University. .
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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 | $448,000 | $448,000 | $448,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,056 | $2,978 | $3,841 |
Total Monthly Payment | $3,148 | $3,070 | $3,933 |
* 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.