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**SELLER NOW OFFERING 6-MONTH MAINTENANCE CONCESSION AT CLOSING! Welcome to the best-priced fully renovated, convertible 1-bedroom in one of the Concourse neighborhood’s only full-service co-op buildings. This is a fantastic opportunity to become a homeowner in a rapidly growing section of the South Bronx. The unit is move-in ready thanks to a number of upgrades including a gut-renovated bathroom and refinished floors (both done within the last year), and an updated kitchen and electrical panel. In the kitchen you’ll find stainless steel appliances, and future homeowners have the option to add a dishwasher if desired. What makes this home an incredible value is the expansive and flexible floor plan that allows you to reconfigure the dining space into a second bedroom or home office and still have enough room for a living and dining arrangement. Other shareholders in the building with similar layouts have closed off their dining area with double french pocket doors or a sliding interior barn door so the space can be used as a separate room but still maintain a free-flowing feel. Storage is plentiful in this apartment, with two large closets, one at the front entrance and the other in the hall to the master bedroom, and a smaller linen closet outside the kitchen to conveniently tuck away sheets, towels, and cleaning supplies. The unit’s generous size allows for an additional closet to be built into the front foyer, or even along the wall of the king-sized bedroom, if needed. Unit 2BS has arguably the best location in the building; it is positioned 2 floors off ground level and sits about halfway down the building’s front courtyard, which gives it the benefits of garden views, privacy, and minimal street noise while still overlooking the Grand Concourse from the corner windows. The northwestern direction of the windows provides a flood of light throughout the bedroom, dining, and living rooms from midday until sunset. Recently completed building projects include fresh painting in all hallways, local law 11 facade work, and a brand new roof. 800 Grand Concourse is a 24/7 doorman, pet-friendly building, fully serviced by maintenance staff daily. It has two laundry rooms, on-site storage (waitlist currently + monthly fee), and connected garage (no waitlist + $230/month fee for residents). Directly across from the building you’ll find Franz Sigel Park, which has the neighborhood’s only dog run, as well as the BxM4 bus stop that takes you directly into Midtown Manhattan. An additional 7-minute walk will get you to the B, D, and 4 trains for a 20-minute subway ride into Midtown and Grand Central. Other walking-distance neighborhood highlights include Yankee Stadium, Bronx Terminal Market (big box retailers and Boogie Down Food Hall), Bronx Supreme Court, Starbucks, Dunkin, Food Bazaar, Key Foods, Regal Cinemas, and a seasonal farmer’s market that takes place on Tuesdays outside Joyce Kilmer Park.
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Our Executive Mortgage Banker:
Our Insurance Division:
$199,000
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 | $159,200 | $159,200 | $159,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $942 | $967 | $1,290 |
| Total Monthly Payment | $1,017 | $1,042 | $1,365 |
* 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.