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Rego Parc Condominium is one of the last awarded 421a abatement buildings in NYC. Amazing value with a tax abatement that runs until 2034 making this an attractive investment property as well. The common charges and monthly taxes are less than $420 per month. Due to low carrying costs, this can provide over $40, 000 in savings and allows you to increase your borrowing power!
When entering the top floor unit apartment, you will immediately notice the abundance of natural light. The modern elegance of this turn-key condition apartment features:
-Stainless steel appliances with an open concept kitchen
-Ductless HVAC in each room personalizing temperature and comfort
-Floor to ceiling double paned windows upon entering your private balcony
-Primary en-suite with a walk-in closet
-Full suite of building amenities from laundry room, bike storage, courtyard, fitness center, and underground parking
-Low monthlies to go along with owners only required to pay utilities
Being nestled between Middle Village and Rego Park provide an assortment of options from green space (Juniper Valley Park), local restaurants, groceries, and shops, and commuting options (subway R/M, Q11, Q21, Q38, Q52, QM15).
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.
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Our Executive Mortgage Banker:
$768,888
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 | $615,110 | $615,110 | $615,110 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,787 | $3,884 | $5,108 |
| Total Monthly Payment | $3,879 | $3,976 | $5,200 |
* 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.