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Loft-like and pin drop quiet, this pre-war coop offers an oasis in the heart of NoMad--Manhattan's quintessential live–work–play neighborhood. Turn-key and move in ready, this spacious one bedroom one bath provides privacy, comfort, and excellent functionality. After 2 years of ownership, the board allows shareholders to sublet for the life of their ownership, providing condo value at a coop price. The home includes a great working chef's kitchen outfitted with stainess steel appliances including a gas stove, microwave, dishwasher and an extra large refrigerator. An abundance of cabinets and counter space makes entertaining and daily living a pleasure. The storage is unparelled--all three closets are customized with Elfa storage systems--particularly special is the walk in hall closet that could easily be reimagined as a home office. A king sized bedroom is the perfect sanctuary for rest + relaxation. The white and blue tiled bathroom is clean and minimalist. Situated one floor up in the rear of the building, it is easily accessible via elevator. Very pet friendly building--in fact, no dog weight limit. Laundry is on every floor for your convenience. The Madison Parq coop is an elegant, full service and well run, financially secure building with a gorgeous lobby and newly renovated hallways. The building is supported by a 24 hour doorman, full-time porters and a live-in super. Additional storage can be rented in the basement. And the location! One block north of Madison Square Park; Whole Foods across the street; and the N/R/F/6 trains are all close by and provides a downtown lifestyle with excellent shopping, dining and wellness options. A reasonable board allows pied a terres, parents buying for children, co-purchasing & foreign investors. This home offers incredible value, a great layout for a dynamic lifestyle, and sensible monthlies.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.533% | 6.533% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,918 | $3,119 | $4,052 |
| Total Monthly Payment | $3,010 | $3,211 | $4,144 |
* 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.