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Welcome to Gerard Towers. Luxury high-rise fire proof building in the heart of Forest Hills. Rarely available and highly sought-after, the very desirable "M" line is a very spacious and sun-filled 2 bedroom 2 bathrooms with dual exposure home in a full-service co-op. The expansive layout, ideal for both comfortable living and entertaining, includes an entry foyer, a large living room, a formal dining area, and fully renovated windowed Eat-in Kitchen with modern cabinets, Quarts countertops, stainless steel appliances and ceramic floor tiles. Both bedrooms are generously sized and well-proportioned. The primary suite features 2 large closets and a windowed en-suite bathroom with a stall shower. The second bedroom includes 3 large closets, both bedrooms can easily fit a King size bed. The second bathroom has a soaking tub. The floors are wood parquet throughout the entire apartment. Gerard Towers is a 25-story fire-proof high-rise luxury building with 5 elevators; a well-maintained and financially sound co-op, located around the corner from trendy Austin Street. Residents enjoy 24-Hour Doorman service, seasonal heated outdoor pool and saunas, fitness center, private backyard garden with seating area, playroom, laundry room, reading lounge, bike & storage rooms, indoor parking garage, a new modern lobby, on-site management office, live-in super and large maintenance staff. Prime location! centrally and conveniently located, near 71st Avenue E & F Express and R & M local trains, express buses to Manhattan, LIRR, walking distance to Austin Street’s shops, fine dining, movie theaters, Forest Hills Stadium, the West Side Tennis Club, and newly opened Trader Joe’s (across the street). Zoned for P. S. 144 elementary school. This home offers comfort, convenience, and top-tier amenities in one of Queens’ most sought-after neighborhoods. 25% Down Payment. Cats are welcome. Maintenance fee is $1, 846. 06, includes, heat, hot water, property tax, cooking gas, Central A/C and basic Internet and cable.
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Our Executive Mortgage Banker:
$729,000
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 | $583,200 | $583,200 | $583,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,591 | $3,682 | $4,843 |
| Total Monthly Payment | $3,683 | $3,774 | $4,935 |
* 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.