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THE UNIT: A DIY renovation opportunity at a fraction of the price! This is an amazing and unique chance to design your own dream kitchen, bath and beyond… w/ brand new appliances, hardware, sound equipment, accessories, etc. already purchased/included in the sale here. These items include top of the line, stainless steel refrigerator, stove-top oven, dishwasher, 2 air conditioners, surround sound and more. (The buyer may also pick and choose what they want to keep or not!) This unit was just about to begin renovations w/ only cosmetic decisions left open for the new buyer to take on - leaving a one-off, rare and affordable DIY dream unlike any other on the Forest Hills market today. Welcome to #D9 - a coveted 1 bedroom floor plan and layout awaits you. Step inside to an entry hall w/ coat closet and beyond to a grand , oversized foyer/dining area w/ another large closet and that makes for the ultimate flex space. In listing pictures, it’s shown as a home office, but well suits a variety of uses. To the right off this area, is a truly expansive living room that comfortably serves at least one, if not too uses such as dining area - a great place to entertain. Beyond there, take a central hall to a windowed eat-in kitchen w/ room for an eat-in breakfast bar, a windowed bathroom and great-sized corner bedroom w/ 2 separate his & hers closets and dual window exposures. With the significant inclusions here, now is yoir chance to design a home all your own. This is NOT a too good to be true scenario…and you should definitely miss it! THE BUILDING/LOCATION: Welcome to the Colorado - a centrally located, very well-maintained mid-rise co-op building w/ a doorman, parking garage (waitlist, ) grand lobby, 2 24-hour laundry rooms, live-in Super, additional storage options (waitlist) and so much more… Steps to public local & express subways (M, R, E & F), buses (Q11 & Q12) and LIRR. Near absolutely all - to include major parks, major highways, JFK/LGA airports, shops, entertainment, FH Stadium, FH Gardens, Austin Street and more… OTHER: Board application & interview required. Max DTI: 27%. Minimum Downpayment: 20%. Maintenance includes heat, hot water and real estate taxes. No FLIP TAX! No gifting. Sublets allowed.
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Our Executive Mortgage Banker:
Our Insurance Division:
$249,000
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 |
|
|---|---|---|---|
| Loan Amount | $199,200 | $199,200 | $199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,131 | $1,193 | $1,588 |
| Total Monthly Payment | $1,206 | $1,268 | $1,663 |
* 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.