Welcome to 8701 Shore Rd. Apt. 440 located in the Shore Tenants Corp. Building! This is a lovely 2 Bedroom co-op apartment spanning approximately 1, 100 Sq. Ft. comes with a grandfathered rule in Unit Washer & Dryer. The layout consists of a Foyer, Eat in Kitchen, Living Room, 2 Bedrooms and a full bath. The owner of this unit is spoiled with sunlight especially around 1-2 PM in the afternoon. Another additional feature is the fact that the unit has plenty of closet space, especially in one of the bedrooms which bears a combination of built-in drawers and double door closets. The maintenance HOA fee is currently $1, 035. 92 per month, however there is a current temporary assessment that the building is charging for brickwork and other improvements being made to the building which is an additional $155. 25 per month until its maturity date set to expire January 2025. There is also a seasonal assessment from January to May every year to account for fuel costs to heat the building. The unit is charged an increase temporarily, but then the shareholder is credited any funds in excess of the cost of fuel, in the month of July, which lowers the maintenance for that month to $200-$300 approximately. . Location Perks: Enjoy the Shore Rd. Greenway full that stretches approximately 2 miles from end to end of park and recreational activities. Take a trip along Shore Rd. to the 69th St. Pier and go fishing or take the Ferry to Manhattan if you'd like. Not far away is 3rd Avenue where you'll find cozy cafe's, trending fine eateries and lots more including the essentials such as banks, supermarkets and the like. Amenities include: Laundromat in Basement, Storage Unit (Extra Charge & Waitlist), Live in Superintendent, Elevator and Free Bike Storage. Transportation: Residents have the luxury and convenience of Manhattan Express bus service right outside their buildings' door and local bus lines as well. Seller is motivated and open to hearing all offers within good reason.
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Our Executive Mortgage Banker:
Our Insurance Division:
$555,000
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 | $444,000 | $444,000 | $444,000 |
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 | 7.945% | 7.171% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,029 | $2,951 | $3,807 |
Total Monthly Payment | $3,121 | $3,043 | $3,899 |
* 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.