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This property is your ticket into the amazing Silver Beach Community. Families live here for generations and for good reason. Its a place where you can get to know neighbors and where people look out for one another. One reason for that is there are nearly 20 events throughout the year that get community involvement. This is a rare thing today and will surely make you love Silver Beach the same way others have for generations! This home has had a lot of work done to it over the past few years, including new siding, roof, some appliances and the hardwood floors were refinished. The "public" front portion of the home has a very bright open concept, with two bedrooms and a full bathroom to the rear "more private area" of the this level. The basement offers two more rooms, and a full bathroom, in addition to the utility / Laundry / storage room that also has access to the front yard through a bulkhead door. The home has Natural gas serving the heating system, dryer and range. The Dishwasher is not currently working and the sellers did not want to replace parts incase the new owners wanted to replace it. You can make that decision after closing. You are two small blocks from the water and views of manhattan and long Island. From different areas of the community you can see both the Throggs Neck and Whitestone Bridges. There are convenient options to get into Manhattan by Bus, Ferry and soon Metro North. You also have amenities like a clubhouse, playground, beach access, etc. This is a very unique place and worth checking out. It is a COOP so there is board approval for your purchase.
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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 |
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|---|---|---|---|
| Loan Amount | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,812 | $1,912 | $2,545 |
| Total Monthly Payment | $1,887 | $1,987 | $2,620 |
* 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.