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Welcome to Lane Towers, a highly sought-after luxury, fireproof concrete high-rise with 24-hour doorman service, ideally located in the heart of Forest Hills. This sun-filled studio apartment, in excellent condition, offers a flexible layout and can easily be converted into a one-bedroom. The apartment features hardwood floors throughout, generous closet space, and a desirable south-facing exposure, providing abundant natural sunlight throughout the day. The kitchen is in great condition, the space is thoughtfully laid out to maximize light, comfort, and functionality. Lane Towers offers a full suite of amenities, including laundry on every floor, 24-hour doorman, two elevators plus a freight elevator, package room, community/party room, bicycle room, storage units (waitlist), and indoor garage parking (approximately a 4-month waitlist). Residents also enjoy a public roof terrace on the 18th floor with stunning panoramic views of the Manhattan skyline and Forest Hills Gardens. The building features automatic sliding entry doors, on-site management, a live-in superintendent, and solid concrete construction that ensures excellent sound insulation. The location is truly exceptional. Just one block from Austin Street, enjoy premier shopping, dining, cafes, movie theaters, Trader Joe’s, supermarkets, and banks. Transportation is effortless with access to the E, F, M, and R subway lines, express buses, and the Long Island Rail Road just a short distance away, making commuting to Manhattan or Long Island seamless. Nearby attractions include Forest Hills Stadium, West Side Tennis Club, Forest Hills Gardens, Forest Park, Flushing Meadows–Corona Park, houses of worship, and convenient access to JFK and LaGuardia airports. Current Maintenance: $1, 325/month (includes Central A/C, Heat & Cooking Gas) Includes a temporary special assessment. True base maintenance (before assessment): $1, 107. 64/month. Estimated electric bill: approx. $40/month Subletting: Permitted after 2 years with board approval Flip Tax: 1% after 2 years of ownership; 2% if sold within 18 months Pets: Cats allowed (no dogs) Co-op Board Application & Interview Required A rare opportunity to own a bright, south-facing studio with easy one-bedroom conversion potential in one of Forest Hills’ most desirable full-service buildings.
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Our Executive Mortgage Banker:
Our Insurance Division:
$235,000
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 | $188,000 | $188,000 | $188,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,112 | $1,158 | $1,524 |
| Total Monthly Payment | $1,187 | $1,233 | $1,599 |
* 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.