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“Light is the language of space. ” — Tadao Ando Light establishes the character of Residence 5FL. Windows along the perimeter admit daylight that moves across the apartment over the course of the day, defining the rooms through shadow, contrast, and scale rather than ornament. The effect is quiet and measured, allowing the layout itself to remain legible and purposeful. Austin Street has long functioned as the principal commercial corridor of Forest Hills, often compared to Fifth Avenue for its role within the neighborhood. Its early 20th-century development was closely tied to the planning of Forest Hills as a suburban community, shaped by new transit connections and a growing commercial district that served residents of Queens and beyond. Michelle Towers is located directly on Austin Street, situating Residence 5FL within this established historical context. The apartment is a two-bedroom, one-bath apartment arranged on a clear and efficient plan. An intimate eat-in kitchen, a layout historically associated with practical residential design, provides a defined space for daily living apart from the main living areas. Set along Austin Street, the apartment reflects a long-standing relationship between residential life and commerce that has defined Forest Hills for more than a century. The building’s proximity to the E and F express lines, as well as local subway service, reflects the same early planning principles that linked Forest Hills’ residential character to efficient transit access and the broader city beyond.
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Our Executive Mortgage Banker:
Our Insurance Division:
$475,000
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 | $380,000 | $380,000 | $380,000 |
| 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 | $2,098 | $2,248 | $3,030 |
| Total Monthly Payment | $2,173 | $2,323 | $3,105 |
* 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.