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Bright Two-Bedroom Condominium with Low Monthly Costs, Full-Time Doorman, and Tax Abatement Through 2033 A rare opportunity to own a bright, well-proportioned two-bedroom, two-bathroom condominium with low monthly carrying costs and a 421A tax abatement in place through 2033. Set within Brownstone Lane II, a boutique full-service condominium on a quiet, tree-lined block near Morningside Park, this approximately 970-square-foot residence offers a thoughtful layout, generous scale, and excellent natural light through six oversized windows. Soaring 9’2” ceilings enhance the sense of volume throughout the home. The open chef’s kitchen is designed for both everyday living and entertaining, featuring stainless steel appliances, abundant cabinetry, generous counter space, and a breakfast bar that connects seamlessly to the living and dining area. Both bedrooms are king-sized, with oversized windows, high ceilings, and large outfitted closets. The primary suite offers space for a king bed plus a separate desk or sitting area, along with an en-suite bath featuring a double vanity, walk-in shower, and excellent storage. The second full bathroom includes a bathtub and is conveniently positioned off the main living area, ideal for guests or daily use. Brownstone Lane II, built in 2006, offers a full-time doorman, live-in superintendent, fitness center, children’s playroom, two on-site laundry rooms, private storage, bike room, attached garage, furnished common courtyard garden, and separate outdoor play area. The location offers a strong neighborhood lifestyle just one block from Morningside Park, with easy access to the restaurants and cafés along Frederick Douglass Boulevard, the cultural and retail corridor of 125th Street, and the expanding dining scene surrounding Columbia University. Transportation is convenient with the B/C trains at 116th Street, A/D express trains at 125th Street, and Metro-North service at 125th Street with access to Westchester and Connecticut. Assessment $275/month for Local Law 11.
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:
$950,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $760,000 | $760,000 | $760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,256 | $4,618 | $6,362 |
| Total Monthly Payment | $4,348 | $4,710 | $6,454 |
* 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.