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Best-in-Class 1BR at The Independent 720 SF of Turnkey Luxury 5 Minutes from Manhattan
A rare opportunity to own a properly scaled one-bedroom in one of Long Island City's most sought-after boutique Condop buildings.
Residence 5B at The Independent is a sprawling 1 bedroom, offering a level of space and livability that clearly outperforms typical one-bedroom inventory in the area. The layout is both efficient and livable, with a true separation between living, dining, and sleeping areas. Natural light pours through oversized west facing windows, enhancing the home's clean lines and modern finish. The eat-in kitchen is sleek and functional, complete with premium appliances and Caesarstone countertops, seamlessly integrating into the living space while still maintaining definition. Accompanied by i n-unit washer and dryer, central air, strong closet space, and a turnkey condition that requires zero immediate work.
The Independent is a 2016-built boutique co-op known for delivering a full-service lifestyle without the scale or congestion of larger developments. Residents enjoy a curated amenity package including a fitness center, resident lounge with billiards, landscaped courtyard, virtual doorman system, live-in super, and a roof deck with sweeping skyline views. Location is where this truly becomes compelling - positioned just off Queensboro Plaza and Court Square, you have direct access to multiple subway lines (N/W/7/E/M/R/G), making Manhattan and Brooklyn easily accessible within minutes.
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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:
$660,000
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 | $528,000 | $528,000 | $528,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,251 | $3,381 | $4,420 |
| Total Monthly Payment | $3,343 | $3,473 | $4,512 |
* 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.