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Welcome to Sherwood Village Cooperative located at 99-10 60th Avenue—a clean, established cooperative offering a quiet and comfortable residential setting within a highly walkable neighborhood. Positioned on the 5th floor of a 6-story, 67-unit building, this bright and generously scaled 3-bedroom, 2-bath residence is defined by its exceptional exposure and natural light, with sunlight reaching into every room and enhancing the home’s open, expansive feel. A long, well-defined corridor anchors the layout, creating a natural separation between living and private spaces while offering substantial closet space throughout. Each bedroom is well-proportioned, and the primary suite features an en-suite bath and walk-in closet, adding both privacy and functionality. The interiors present a clean, authentic canvas, highlighted by original oak wood floors and a layout that lends itself to thoughtful redesign. For a buyer with vision, this is an opportunity to create a refined, modern living environment tailored to personal style, rather than adapting to prior renovations. The kitchen is positioned alongside a windowed breakfast nook, with a separate dining alcove offering a distinct and intimate setting. The building consists of 67 units and includes a live-in superintendent, updated lobby, and ongoing capital improvements reflecting consistent management. Ideally located in a highly walkable neighborhood near Queens Center Mall, Rego Park shopping, dining, and multiple transportation options with convenient access to Manhattan. Monthly financials: • Maintenance: $1, 695 • Utilities: ~$110. 23 • Capital Assessment: $306. 25 • Estimated mortgage: ~$1, 823 (based on ~6% interest with 20% down) • Total estimated monthly carrying cost: ~$3, 934 For buyers evaluating affordability, this corresponds approximately to: • ~$158K/year income using a conservative 4× guideline • ~$130K–$140K/year range depending on financing structure and overall debt profile Board approval required. Buyers should verify all financial details and be prepared to meet cooperative guidelines.
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Our Executive Mortgage Banker:
$379,999
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 | $303,999 | $303,999 | $303,999 |
| 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 | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,798 | $1,872 | $2,464 |
| Total Monthly Payment | $1,873 | $1,947 | $2,539 |
* 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.