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Bring Your Vision to the Beach! Welcome to this spacious, corner, 2-bedroom, 2-bath apartment offering tremendous potential and an inviting east-facing side ocean view on a high floor—the perfect canvas for someone ready to make it their own. Located just moments from the sand in Lincoln beach, this unit is being sold as-is and pending bankruptcy court approval, providing a fantastic opportunity to personalize every detail to your taste. The home will be sold with 2 brand-new wall A/C units, and will require a buyer to provide a washer/dryer, a new hot water heater, new flooring, and improvements to the ceiling and wall sheetrock. The layout offers great bones and natural light throughout, with both NYC and ocean views. This unit resides in a luxury building with 24/7 Security, covered, dedicated parking, a card room, 2 pools (1 heated) and a jacuzzi, bocce, shuffle board, and a fire pit, bike storage, and direct beach and boardwalk access. The unit is completely rentable on Day 1, and the building is pet friendly. This unit is priced to come in, personalize, and make your own! Whether you're looking to renovate for full-time coastal living, a weekend getaway, or an investment property, this is the rare chance to create your dream home by the ocean. Endless potential. Incredible location. Oceanside living, ready for your personal touch.
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
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
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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 | $580,000 | $580,000 | $580,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.292% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,293 | $3,524 | $4,701 |
| Total Monthly Payment | $3,385 | $3,616 | $4,793 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.