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**NO BOARD APPROVAL*** ***Attention All Investors!*** Location Location Location! Rare Opportunity to purchase A No board Approval Sponsor/Unsold shares Unit In Gerard Towers*** It’s Like Buying a Condo at A Co-op Price! The new owner can purchase it with out board approval, and can continue to sublet indefinitely with out board approval, as long as the new owner or their family do not reside in the apartment. Welcome to this newly renovated full 1 bedroom with terrace. As you enter the apartment you can’t help but notice the beautifully renovated open kitchen featuring ample counter space, beautiful flooring through out. Enjoy a cup of coffee from your 13 foot terrace. The building offers a 24 Hour Doorman, seasonal heated pool, fitness center, children’s play room, bike & storage rooms, a very nicely landscaped courtyard as well as immediate valet parking. The rent includes central A/C heat, cooking gas, and basic cable. Gerard Towers is a 25 story fire-proof high-rise building located around the corner from trendy Austin Street. The building offers a 24 Hour Doorman, seasonal heated pool and saunas, fitness center, quiet private backyard garden with seating, children’s play room, bike & storage rooms and garage parking. There’s an Express bus to midtown at the front door, and it’s just steps to the express E & F subway (71st / Continental stop), & the LIRR, which is only a 2-stop 18 minute ride to Penn. Station. The neighborhood features restaurants, bakeries, boutique shops, movie theaters, and more. Nearby is the West Side Tennis Club & Forest Hills Stadium, home of an expanding series of summertime concerts. Enjoy an escape in MacDonald Park, or stroll through the serene uncrowded Euro-style streets of nearby Forest Hills Gardens, just past the LIRR station
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Our Executive Mortgage Banker:
$449,000
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 | $359,200 | $359,200 | $359,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,212 | $2,270 | $2,983 |
| Total Monthly Payment | $2,287 | $2,345 | $3,058 |
* 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.