Nice, newly renovated one bedroom home in Turtle Bay. Living Room is warmly appointed, with wide wood plank floors and textured built-in bookshelves and cabinets, which were installed as part of the renovation. High Ceilings project a nice feeling of space, especially for a one bedroom home. The bedroom is large, and also sports new floors. The newly renovated kitchen is bright, with polished granite countertops white cabinets and tiled backsplash; it has new stainless steel appliances, including a dishwasher and microwave. The New bathroom is bright, with wall to wall white subway tiles. There is a good amount of closet space, including a walk-in closet in the entryway, and a very wide closet in the bedroom.
342 East 53rd St. is a boutique co-op with 50 residences. Its special amenity is the courtyard: it extends the entire length of the building, and has a number of different and large areas, where you can read, relax alone or with friends, and even barbecue! The building has bike storage, a live-in super and a laundry room, which is on the same floor as the apartment. If you want your own washer and dryer they are allowed in individual units, with board approval. This co-op is pet friendly. Pieds-a terre, co-purchasing, gifting and guarantors are allowed, as is subletting. And there is NO flip tax.
342 East 53rd St is in a prime location in the heart of Turtle Bay. It's centrally located, near restaurants, night spots and shopping, including Whole Foods and Trader Joe's. The Constance Baker Motley Recreation Center and its indoor pool are just around the corner. Close to the United Nations and conveniently located near public transportation, including the 6, E and M trains, as well as the 57th Street crosstown bus.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $436,000 | $436,000 | $436,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,901 | $2,898 | $3,738 |
Total Monthly Payment | $2,993 | $2,990 | $3,830 |
* 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.