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Rarely available 1 bedroom, 1. 5 bathroom home adjacent to Park Avenue. The addition of the coveted powder room, a highly desirable feature, offers significant benefits for those who entertain frequently. Although there are new windows and renovated bathrooms, the original parquet floors, beamed ceilings, entrance foyer, and southern townhouse views evoke a decidedly pre-war feel. The eat-in kitchen/dining area, with its two western windows, could be opened to create an expansive loft-like home. The spacious bedroom easily accommodates a king-size bed. Located near Central Park, numerous museums, and the best shops and restaurants, 120 East 79th Street is also convenient to public transportation.
With its distinctive canopied entrance and elegant front door, 120 East 79th Street is an established full-service cooperative. The numerous services and amenities include a full-time doorman, resident manager, central laundry room, fitness room, bike room, common garden, and storage (subject to availability). The prime location between Park and Lexington Avenues enhances the desirability of this 1947 building. Pied-a-terre ownership and pets are permitted There is a 2% flip tax paid by the buyer.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.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:
$775,000
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
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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 | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.638% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,713 | $3,919 | $5,149 |
| Total Monthly Payment | $3,805 | $4,011 | $5,241 |
* 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.