Charming & Flexible Junior 4 in Morningside Heights—Preapproved for Professional Use Discover the perfect blend of pre-war character, flexible layout, and live/work potential in this corner one-bedroom plus office at 611 West 111th Street, a classic elevator co-op ideally positioned between Broadway and Riverside Drive. Set high above street level on the first floor, this bright, south- and west-facing home has been thoughtfully maintained by the same owner, a professional psychologist, since 1986. Preapproved by the co-op board for professional use, the unit currently functions as a private therapy office and is well-suited for remote work, consulting, or other low-impact uses (subject to board approval). Key features include: • Spacious living room with abundant natural light • Windowed galley kitchen • Large primary bedroom • Flexible office or second sleeping area, complete with plumbing for potential professional use • Windowed full bathroom Building amenities include: • Elevator • Live-in Superintendent • Basement laundry room • Bicycle storage • Additional storage available for a nominal fee Pet-friendly with board approval (pets must be leashed or carried in common areas). Subletting allowed after one year of ownership, for up to two years. Financing up to 80% permitted. Monthly maintenance of $1, 629. 08 includes heat and water. This residence carries 877 shares and has no flip tax. Enjoy the neighborhood charm of Morningside Heights with Riverside Park just steps away, Central Park nearby, and local favorites like Westside Market and a vibrant dining scene all within reach. Transportation is a breeze with the 1 train at 110th Street/Cathedral Parkway just two blocks away, and the M104, M4, and M60 buses offering excellent crosstown and uptown/downtown access. This rare, flexible co-op presents an exceptional opportunity to create a home, office, or hybrid professional retreat in one of Manhattan’s most storied neighborhoods.
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Our Executive Mortgage Banker:
$755,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $604,000 | $604,000 | $604,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,617 | $3,768 | $4,975 |
| Total Monthly Payment | $3,709 | $3,860 | $5,067 |
* 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.