46 Grace Avenue, #1L, Great Neck, NY, 11021 | $498,000

Situated on the first residential level above the lobby of the 46 Grace Co-op, this expansive residence is distinguished by its private patio, an increasingly rare amenity that meaningfully extends the living environment outdoors. Designed to accommodate entertaining, open-air dining, or quiet repose, the patio permits electric grilling, allowing for a seamless integration of indoor and outdoor living throughout the warmer months. The interior is anchored by a generously scaled living and dining area, thoughtfully proportioned to support a full dining arrangement while preserving ample circulation and defined seating zones. This flexibility lends itself equally well to everyday living and larger social gatherings. The eat-in kitchen, complete with a dedicated pantry, enhances both functional efficiency and storage capacity. Upon entry, a well-defined foyer provides a gracious arrival and offers sufficient depth and separation to function comfortably as a home office alcove or study area. The primary bedroom enjoys abundant natural light and well-balanced proportions, complemented by a spacious second bedroom suitable for a range of residential or ancillary uses. A windowed bathroom introduces natural daylight and ventilation, contributing to overall comfort. Together, these elements create a compelling synthesis of interior volume, private exterior space, and adaptable layout, positioning this apartment as a highly competitive offering for discerning purchasers seeking both practicality and qualitative distinction. 46 Grace Avenue is conveniently located in the heart of Great Neck Plaza in short distance from LIRR station with easy commute to NYC, access to parks, shops, restaurants and entertainment. Cats OK, low maintenance!

Features

  • Parking: Waitlist
  • Heating: Oil
  • Cooling: Wall/Window Unit(s)
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Year Built: 1952
  • Approx Sq. Feet: 0
  • Elem. School: E M Baker School
  • Middle School: Great Neck South Middle School
  • High School: Great Neck South High School
  • School District: Great Neck
  • Pets Allowed: No
  • Appliances: Gas Oven
  • MLS#: 956719
  • Days on Market: 67 days
  • Website: https://www.raveis.com
    /prop/956719/46graceavenue_greatneck_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 Daniel Gale Sothebys Intl Rlty   Phone: 516-627-4440

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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
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46 Grace Avenue, #1L, Great Neck, NY, 11021

$498,000

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 $398,400 $398,400 $398,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.500% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.375% 6.638% 5.972%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,453 $2,518 $3,308
Total Monthly Payment $2,528 $2,593 $3,383

* 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.