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1885 Lexington Avenue, Residence 3E
Offered at $599, 000
Only 10% down payment required
Welcome to your bright oasis at 1885 Lexington Avenue, Unit 3E, in the heart of vibrant East Harlem. This one-level 3-bedroom co-op of 1, 251 square feet is a rare gem, bathed in natural light from south and west exposures with leafy treetop views from nearly every window. Sunshine streams into the home year-round, highlighting beautifully polished oak floors and a fresh, modern kitchen.
The kitchen is both stylish and functional, with energy-saving stainless steel GE appliances, Caesar stone countertops, a glass tile backsplash, and a convenient pass-through breakfast bar. The sleek dishwasher and thoughtful layout make cooking and entertaining effortless.
The renovated bathroom features contemporary fixtures, while the half bath offers the potential to be converted into a full second bath. This green building includes cost-saving features such as triple-glazed windows and unitized venting systems, creating a quiet environment while reducing electricity and heating costs. Additional highlights include a Bosch washer/dryer, through-the-wall air conditioning, and excellent closet space.
Building Highlights
1885 Lexington Avenue is an HDFC cooperative designed to keep homeownership affordable for qualifying buyers. A tax abatement through 2038 keeps monthly costs exceptionally low. The pet-friendly building offers a virtual doorman, elevator, and a furnished rooftop deck with open city views - an ideal retreat for relaxation or entertaining.
HDFC Income Requirements
Please confirm you are eligible prior to requesting a showing. When presenting an offer, buyers must provide proof of income via tax returns (past two years) and current pay stubs. Current maximum income limits are:
1 person: $179, 355
2 people: $205, 095
3 people: $230, 670
4 people: $256, 245
5 people: $276, 705
Neighborhood Lifestyle
East Harlem is a dynamic and evolving neighborhood filled with local favorites like Patsy's Pizzeria, Santiago's Beer Garden, La Marqueta, and El Barrista Café. Central Park and Museum Mile are just a short walk away, and multiple subway lines put the rest of the city within easy reach.
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:
$599,000
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 |
|
|---|---|---|---|
| Loan Amount | $479,200 | $479,200 | $479,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,951 | $3,026 | $3,979 |
| Total Monthly Payment | $3,043 | $3,118 | $4,071 |
* 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.