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Discover this exceptional multi-family residence at 1037 College Avenue in the heart of the Bronx. Built in 1920, this well-maintained property offers 3, 708 square feet of living space spread across multiple levels, featuring 12 bedrooms and 3 full bathrooms. The property showcases a blend of modern amenities and classic charm. The updated kitchens feature sleek gray cabinetry, stainless steel appliances including refrigerators, gas ranges, microwaves, and dishwashers. Bright, airy rooms with hardwood flooring and large windows provide abundant natural light throughout. Each unit includes modern bathrooms with light gray tiled walls and contemporary fixtures. Outdoor spaces include a rooftop area offering city views and a backyard patio perfect for outdoor gatherings, complete with wooden furniture and a stainless steel grill. The building's exterior features a combination of brick and painted facades with secure entrance and windows. Convenience meets practicality with in-building laundry facilities featuring washers and dryers. The property includes essential modern amenities while maintaining its historic character through details like classic radiators and decorative ceiling moldings. Located in the Grand Concourse neighborhood, residents enjoy excellent public transportation access with multiple subway lines nearby. The iconic Yankee Stadium, shopping destinations like the Bronx Terminal Market, and various dining options are within easy reach. The area offers a vibrant mix of urban amenities while maintaining a strong community feel. This property presents an excellent opportunity for investors or owner-occupants seeking a well-maintained multi-family building in an accessible location with strong rental potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,349,999
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,079,999 | $1,079,999 | $1,079,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.984% | 5.806% |
| Monthly Tax Payment | $470 | $470 | $470 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,964 | $6,389 | $8,896 |
| Total Monthly Payment | $6,559 | $6,984 | $9,491 |
* 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.