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Welcome to 2835 Webb Ave, Apartment 9E, a cooperative residence in the vibrant Bronx neighborhood of New York City. This property offers an excellent opportunity for buyers seeking an affordable entry into cooperative living in a well-established community. Located in a neighborhood rich with cultural diversity and local character, this cooperative apartment provides access to a dynamic urban environment. The surrounding area features convenient access to public transportation, local shops, and dining options that reflect the neighborhood's distinctive personality. Webb Avenue itself connects residents to broader Bronx neighborhoods and the greater NYC metropolitan area. Cooperative ownership in this building presents unique advantages for those looking to invest in residential real estate. As a cooperative property, you'll become part of a resident-owned community where shareholders have a direct stake in the building's management and direction. This ownership structure often fosters a strong sense of community among residents and can provide more stability compared to traditional rental arrangements. The building represents a solid investment opportunity in an increasingly popular borough. The Bronx has experienced growing interest from buyers and renters alike, driven by its affordability relative to other NYC neighborhoods, cultural institutions, and ongoing revitalization efforts. Properties in established cooperative buildings like this one appeal to investors and owner-occupants seeking value and community connection. This cooperative share offers a meaningful entry point into New York City homeownership. Whether you're a first-time buyer, an investor, or someone seeking a change of scenery, this property merits consideration. The combination of cooperative ownership benefits, neighborhood accessibility, and the property's position in a dynamic borough makes it worth exploring further.
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Our Executive Mortgage Banker:
Our Insurance Division:
$319,000
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 | $255,200 | $255,200 | $255,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.419% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,510 | $1,571 | $2,068 |
| Total Monthly Payment | $1,585 | $1,646 | $2,143 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.