Welcome to this well-maintained cooperative apartment in the heart of the Bronx, offering modern comfort in an established urban neighborhood. This 489 square foot studio features an open-concept living and kitchen area with wooden flooring, track lighting, and a ceiling fan that creates an airy, functional space. Large windows with blinds and curtains flood the unit with natural light while maintaining privacy. The kitchen is equipped with stainless steel appliances including a gas range, dishwasher, and microwave, paired with light wood cabinetry and granite countertops. The layout seamlessly connects the living area to the kitchen, making the space feel larger and ideal for entertaining or everyday living. A full bathroom with classic beige tile, vanity, and bathtub with shower completes the unit. Building amenities enhance daily living with an on-site laundry room featuring multiple washers and dryers, eliminating the need for expensive laundromat visits or trips to external facilities. The building itself is a well-maintained red brick structure in a neighborhood characterized by mid-rise apartment buildings, tree-lined streets, and proximity to open park areas. The location provides the neighborhood character of the Bronx while offering convenient access to urban amenities. Cooperative ownership offers distinct advantages including typically lower purchase prices compared to condominiums and a strong sense of community among residents. The neighborhood has seen consistent investment and maintenance, with nearby sports facilities and green spaces contributing to quality of life. Parking is available in the paved lot adjacent to the property. This property represents an accessible entry point into homeownership for first-time buyers or investors seeking a solid cooperative investment in an established Bronx neighborhood, with all essential building amenities and modern conveniences included.
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Our Executive Mortgage Banker:
Our Insurance Division:
$132,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $105,600 | $105,600 | $105,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $583 | $625 | $842 |
| Total Monthly Payment | $658 | $700 | $917 |
* 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.