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ONE BEDROOM SPONSOR SALE ON MARCUS GARVEY PARK
Be the first to live in this beautifully renovated one-bedroom condominium overlooking Marcus Garvey Park. Both the living room and bedroom enjoy direct park views and abundant northern light. The oversized bedroom accommodates a king-size bed and features a charming windowed nook-ideal for a home office.
The airy, open-concept kitchen includes a generous island and is outfitted with recessed lighting, stainless steel appliances, including a four-burner gas range, dishwasher, and a combination W/D.
Additional highlights include high ceilings, hardwood floors, ample closet space, and a spacious living room with plenty of room for both seating and dining.
Built in 1909, the Park Place Condominium sits on one of Harlem's most picturesque brownstone blocks. Building amenities include an elevator, fitness room, bike room, storage, laundry, common courtyard, live-in superintendent and pets are welcome. Whole Foods, Trader Joe's, and an array of restaurants and cafés are nearby. Transportation is a breeze with the 2/3/4/5/6 subway lines, Metro-North Railroad, and a Citi Bike station right across the street.
This is a sponsor sale, so flexible purchase options and a quick closing are available.
There is an ongoing special assessment in the amount of $244. 24/month.
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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Our Executive Mortgage Banker:
Our Insurance Division:
$565,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
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 | $452,000 | $452,000 | $452,000 |
| 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 | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,566 | $2,707 | $3,604 |
| Total Monthly Payment | $2,658 | $2,799 | $3,696 |
* 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.