Presented byJoanne Rinaldi - The John Hackett Team |
A GREAT OPPORTUNITY TO OWN AN APARTMENT THAT CAN BE USED AS A PEID A TERRE , AN INVESTMENT PROPERTY OR FOR DAY TO DAY LIVING!
No stone was left unturned in the renovation of this north-east facing junior one in a full-service building, a short distance from Gramercy Park, and close to the trendy restaurants of Park Avenue and the Farmers Market on Union square. The bedroom area is separated from the large living room by a wall of frosted glass panels. The windowed open kitchen features a Miele cooktop/oven, Miele mircrowave, Miele two-door fridge and freezer, Miele dishwasher, high-end kitchen countertops/cabinets, and a countertop breakfast bar with seating for two. The separate dressing area with a large closet leads to a beautifully renovated bathroom with a glass wall shower stall with twin shower heads. The apartment has three large closets. This is truly a one-of-a-kind apartment.
Park Gramercy is a full-service Cond-op that functions like a condominium with no set term limits on renting, no mortgage recording tax and the approval process is like a condominium- waiver of the right of first refusal. The building is ideal for purchasing an apartment as a pied a terre, an investment property as these apartments are sought after by renters, or for parents buying an apartment with or on behalf of their adult children. The building has a full-time doorman, a live-in resident manager, a beautiful, planted roof deck, bicycle storage and a central laundry in the basement.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
Sales Associate
William Raveis Real Estate
Phone: 203.258.3690
Joanne.Rinaldi@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,618 | $4,993 | $6,620 |
Total Monthly Payment | $4,710 | $5,085 | $6,712 |
* 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.