1885 Lexington Avenue, #3E, New York (East Harlem), NY, 10035 | $599,000

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.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 7
  • Amenities: Roof Deck;
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 1 full / 1 half
  • Laundry: None
  • Complex: Lancaster Lexington
  • Year Built: 2012
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Building Access : Elevator
  • Service Level: Virtual Doorman
  • Doorman: PartTime
  • OLR#: RLS20052938
  • Days on Market: 232 days
  • Website: https://www.raveis.com
    /prop/RLS20052938/1885lexingtonavenue_newyork_ny?source=qrflyer
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.
Listing courtesy of Corcoran Group

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

1885 Lexington Avenue, #3E, New York (East Harlem), NY, 10035

$599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

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.