This beautiful 2 bedroom, 1 full bath 1 half bath coop located within The Fordham Hill Cooperative is an incredible opportunity that qualifies for grants and more! With a range of amenities and features, this development offers a truly convenient and comfortable lifestyle. Safety and security are paramount, as the cooperative provide 24-hour security for residents' peace of mind. Additionally, each building is equipped with laundry rooms, ensuring that residents have easy access to this essential facility. The mail room ensures that receiving packages and mail is a breeze, while the on-site management team is readily available to address any concerns or inquiries. The Fordham Hill Coops also boast multiple courtyards, providing serene outdoor spaces for relaxation and enjoyment. Families will appreciate the playground on site, offering a safe and fun environment. Furthermore, the community rooms are perfect for hosting events and get-togethers, fostering a sense of community and camaraderie among residents. Inside the unit, you'll find a spacious living area spanning over 950 sq ft, providing ample room for comfortable living. The bedrooms feature plenty of closets, ensuring that storage is never an issue. The bathroom and kitchen can be updated to your personal taste once you've settled in, allowing you to create your dream living space. The location is convenient access to various transportation options. The University Heights Metro North station, BX12 bus, and the 1 & 4 train are all within walking distance, making commuting a breeze. One of the standout features of this coop is the maintenance fee, which includes ALL utilities. This means that you won't have to worry about separate bills for water, electricity, or heating. However, please note that a cable and AC surcharge may still apply. It's important to mention that while this coop offers an incredible living experience, it is not dog-friendly. However, other pets may be allowed, subject to the coop's regulations. Don't miss out on the chance to make this your dream home!
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William Raveis Mortgage, LLC
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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 | $191,999 | $191,999 | $191,999 |
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 | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,310 | $1,276 | $1,646 |
Total Monthly Payment | $1,385 | $1,351 | $1,721 |
* 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.