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This 1-bedroom, 1-bath co-op with an open layout for living room and dining area. This unit offers a prime opportunity to create your ideal living space in Douglaston’s most sought-after co-op community. Located in Wellesley Gardens, an A-rated co-op known for efficiency and lifestyle, residents benefit from a live-in superintendent, two elevators, and a newly renovated fitness center. The building is meticulously maintained and financially secure, with a tastefully renovated lobby and hallways. Additional amenities include a package room, outdoor and indoor parking (waitlist), laundry facilities with folding room, ADA-compliant bathroom near the laundry area, a new video intercom system, storage rental, and complimentary bicycle storage. The location is exceptional—just a 3-minute walk to the Douglaston LIRR station and a 5-minute walk to MTA buses. Nearby are restaurants, retail shopping, and P. S. 98, offering pre-K through 5th grade. Major highways and airports are also easily accessible. Optional amenities include a fitness center fee of $35/month, outdoor parking at $125/month, and indoor parking at $150/month. Carpet coverage requirements are 80% overall and 100% in bedrooms.
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Our Executive Mortgage Banker:
$295,000
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 | $236,000 | $236,000 | $236,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,359 | $1,511 | $1,960 |
| Total Monthly Payment | $1,434 | $1,586 | $2,035 |
* 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.