98-22 63rd Drive, #7B, Rego Park, NY, 11374 | $570,000

Welcome to Walden Terrace, one of Rego Park's most desirable and well-managed post-war co-op communities. Set on the 7th floor of an 8-story elevator building, Residence 7B offers bright, open views, excellent natural light, and a flexible layout ideal for entertaining with a private terrace. Bring your contractors and create your dream home! The drop down living room is incredibly spacious, with a fully separate space for dining. Oversized windows bring in abundant sunlight throughout the day, while the higher-floor vantage point ensures quiet, peaceful living above the neighborhood bustle. The kitchen provides generous cabinetry and functional workspace. FLEX 2 bed, 2 bath. The terrace is its own incredible sanctuary. Walden Terrace is known for its exceptional management and strong community amenities, including: Elevators On-site laundry rooms Garage parking (waitlist) Private playground & courtyard areas Storage units (subject to availability) Live-in superintendent and full support staff MAINTENANCE INCLUDES: Gas, electric, heat, and maintenance amount Maintenance - $1, 267-37 Assessment - $201. 16 until July 2028 Flip tax - 50 Instead $8, 000. 00 Admin Fee in it's place paid by the seller. Subletting after 2 years of occupancy with board approval Pet Friendly Ideally located near the heart of Rego Park, residents are moments from 63rd Drive shopping, Trader Joe's, Rego Center, dining, cafes, local markets, and major retailers. Commuting is simple with close proximity to the M and R subway lines, multiple bus routes, and easy access to the LIE. Whether you're a first-time buyer, down-sizer, or seeking a comfortable, well-situated home in a thriving Queens neighborhood, 7B at Walden Terrace offers exceptional value and convenience. Showings by appointment.

Features

  • Parking: Assigned, Garage, Waitlist
  • Heating: Baseboard, Other
  • Cooling: Wall/Window Unit(s)
  • Levels: 8
  • Amenities: Live In Super, Maintenance
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Common Area
  • Complex: Walden Terrrace
  • Year Built: 1949
  • Approx Sq. Feet: 1,100
  • View: City, Skyline
  • Elem. School: Ps 206 Horace Harding School
  • Middle School: Jhs 157 Stephen A Halsey
  • High School: Forest Hills High School
  • School District: Community District 28
  • Pet Policy: Yes
  • Appliances: Refrigerator
  • MLS#: 986579
  • Days on Market: 33 days
  • Website: https://www.raveis.com
    /prop/986579/982263rddrive_regopark_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Corcoran MH, LLC   Phone: 212-957-4100

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

98-22 63rd Drive, #7B, Rego Park, NY, 11374

$570,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $456,000 $456,000 $456,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.750% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.634% 6.890% 6.078%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,808 $2,958 $3,817
Total Monthly Payment $2,900 $3,050 $3,909

* 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.