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Why buy someone else’s renovation, when you can do your own? This bright one-bedroom Celtic Park apartment is in need of a total renovation and is priced so that you can have it “your way, ” rather than someone else’s. The unit has charming prewar details and two exposures: north and east. From the entry hall the kitchen is to the right, with enough room for a table and chairs. Beyond that is the living room with two windows facing east. Down the hall is the bedroom, with windows facing east and north, along with the bathroom. The coop has addressed some prior leaks into the apartment, however, cosmetic work is needed along with a new kitchen and bath. Located less than three miles from midtown Manhattan, the apartments at Celtic Park spread across two city blocks that had once been the outdoor home of the Irish-American Athletic Club. Constructed in 1931 and 1937, these innovative “garden apartments” not only have front gardens, but surround beautifully manicured interior gardens. Maintenance fees at Celtic Park include gas and electric, so you pay no utility bills. 20% down is required and subletting is allowed after two years of occupancy. No flip tax. The buildings are also pet friendly. Celtic Park offers an extensive array of amenities in addition to its gardens: parking, storage, bike storage, laundry facilities, gym, security, and an on-site management office. The apartment is located just three blocks south of Queen Boulevard, and half way between the 40th and 46th Street stops on the 7 train.
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Our Executive Mortgage Banker:
$269,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $215,200 | $215,200 | $215,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,289 | $1,343 | $1,773 |
| Total Monthly Payment | $1,364 | $1,418 | $1,848 |
* 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.