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Welcome to 825 Morrison Ave, a beautifully renovated two-bedroom, one bath HDFC cooperative located in the heart of Soundview Park section of the Bronx. Situation on a high floor, this bright and airy residence features a private terrace offering views and a peaceful outdoor retreat. This fully renovated unit boasts modern finishes throughout, including stainless steel appliances, a sleek updated kitchen with island and the convenience of an in-unit washing machine-a rare and valuable feature in cooperative living. The main bedroom has a walk-in closet, as well as closet through-out the unit. The building, originally constructed in 1962 and converted to cooperative in 2006, has been modernized and is a part of a Housing Development Fund Corporation (HDFC), offering income-restricted affordable homeownership opportunities. Residents enjoy access to a basement laundry room and community room available for private events, adding both convenience and lifestyle value. Perfectly positioned near Soundview Park, you are surrounded by green space, recreation, and waterfront view over to Queens view. Commuting is seamless with the Morrison Ave-Soundview station (6 train) approximately 0. 25 miles away, plus easy access to the 2 train via a short bus ride (#5 bus). Major highways nearby provide direct routes into Manhattan and convenient travel to Connecticut. Minutes away from Orchard beach, City Island. Enjoy the benefits of nearby shopping centers, dinning, parks, and public transportation-all while owning an affordable, move-in-ready home in a vibrant and growing neighborhood. This is an excellent opportunity for qualified buyers seeking affordability, comfort, and convenience in one complete package.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
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 | $300,000 | $300,000 | $300,000 |
| 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 | $1,657 | $1,775 | $2,392 |
| Total Monthly Payment | $1,732 | $1,850 | $2,467 |
* 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.