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***Open House is canceled for Sunday, 2/22. *** In the fabled Historic District of Jackson Heights, there is one pre-war building that stands above all the others: the Towers, the most iconic building in Jackson Heights. And this four-bedroom, three bathroom home captures all the reasons why! You’ll find an elegant entry foyer that leads to a large living room with a wood-burning fireplace, a large, windowed galley kitchen complete with butler’s pantry leading to the formal dining room, 9’ ceilings, oversized windows, wood floors with inlays, four garden-facing bedrooms (including an ensuite primary bedroom), and three windowed bathrooms - all offering the living space of yesteryear with modern conveniences. Three exposures provide light and views of the magnificent private Towers garden with its famous griffons, ornate architectural features, lush landscaping and children’s area. The Towers has elevators, a live-in super plus full-time office and building staff, and is pet-friendly. A storage room is included with each apartment. An in-unit washer/dryer is allowed and there are laundry facilities in each building. The building requires a 20% down payment. FIOS is available. Built from 1923-25, the Towers was designed by Andrew J. Thomas. It comprises eight buildings that span an entire city block on 34th Avenue and there is one cooperative board to govern them all. The Towers occupies a prime location in Jackson Heights near both Northern Blvd. and the 37th Avenue shopping corridor. Enjoy Paseo Park and Travers Park, which offers a playground, sports courts, and a wonderful year-round greenmarket. World-class recreation and entertainment are also close at Flushing Meadows Corona Park, the USTA Tennis Center, Citi Field, and the upcoming New York Football Club stadium complex. Travel options are abundant with nearby 7, E, R, and F/M trains, excellent bus service, the BQE, and LaGuardia Airport, providing easy access to the rest of the city and beyond.
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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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $780,000 | $780,000 | $780,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,368 | $4,676 | $6,477 |
| Total Monthly Payment | $4,460 | $4,768 | $6,569 |
* 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.