A rare opportunity to own a truly expansive residence at 1020 Grand Concourse. This one-bedroom plus home office with two full bathrooms is flooded with southern light and framed by a wall of windows offering a peek of the famed Manhattan skyline. The large great room anchors the home with generous proportions and a comfortable flow for both living and dining. Its open plan leads naturally into the renovated chef’s kitchen, appointed with GE stainless-steel appliances, a wine refrigerator, extensive cabinetry and counter space, and a marble-veined quartz island with a waterfall edge and overhang for seating. Wide-plank oak flooring extends throughout the apartment, tying the rooms together with warmth and continuity. A set of sliding frosted-glass doors separates the home office or guest area, which includes a Murphy bed with storage for added versatility. Two fully renovated bathrooms feature refined materials and thoughtful design. The primary bath includes a walk-in shower and a deluxe Toto bidet commode. The second bath is crisp and modern, with new fixtures and a bathtub. Closet space throughout is exceptional, with a coat closet, linen closet, walk-in storage closet, and a full wall of bedroom closets. A freestanding storage system in the bedroom creates a defined dressing area. This distinctive layout resulted from the thoughtful combination of an expansive alcove studio with an adjoining bedroom and bathroom, creating a residence with significantly increased square footage and a layout rarely found in the building. The cooperative is currently undertaking two major improvement projects: the installation of new green roofs, including one over the attached garage that will provide a shared outdoor space for residents, and an exterior restoration program to further elevate the building’s architectural presence. The assessment for these enhancements is being fully paid by the seller. Designed by architect Philip Birnbaum and completed in 1963, 1020 Grand Concourse occupies the prominent corner of 165th Street directly across from the Bronx Museum of Art. Its mid-century design and prime location offer both convenience and character, moments from the B, D, and 4 trains, multiple bus lines, and neighborhood shopping and services. Four nearby parks bring a sense of balance between city energy and open green space, all less than 20 minutes from Midtown Manhattan. Residents enjoy full-service living in a well-managed and financially stable cooperative with integrated central air conditioning and heating, 24-hour staff, and low maintenance that includes gas and electricity. Building features include: • 24-hour doorman and security • On-site attached garage with available assigned spaces for residents (at additional cost) • 24-hour laundry rooms • Live-in super • On-site management office • BuildingLink system for communication and delivery notifications • Bicycle storage room • Restored historic tile entrance canopy • New automatic entry doors and lighting • And more upgrades to come, including a planned fitness center for residents All showings are by appointment, even during open-house times.
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Our Executive Mortgage Banker:
$425,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,011 | $2,093 | $2,756 |
| Total Monthly Payment | $2,086 | $2,168 | $2,831 |
* 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.