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This southeast-facing alcove studio has the feel of a one-bedroom with a partitioned sleeping area, dedicated dining area, upgraded kitchen and bathroom plus a huge walk-in closet, all for a great value in a co-op with flexible purchase rules.
The oversized stainless-steel kitchen is outfitted with a full-sized fridge, a dishwasher, custom ceiling-height cabinetry, and a breakfast bar perfect for casual dining. The flexible layout easily accommodates a separate dining area either adjacent to the kitchen or alongside the window off the living area.
At the center of the home is an expansive living room with enough space for virtually any furniture configuration, plus a large walk-in closet offering exceptional storage. The sleeping area feels quiet and tucked away, complete with built-in shelving and two additional closets.
Located in the highly desirable Marlo Towers, a full-service post-war cooperative, residents enjoy: -- Beautifully landscaped rooftop deck with pergola seating and sweeping Midtown skyline and East River views- A 24-hour doorman and concierge- Live-in superintendent - On-site garage - Laundry room - Storage (waitlist)- Bike room
Marlo Towers is perfectly positioned on a quiet Midtown East block with a florist coffee shop and a grocery store right downstairs. Moments from Grand Central, the United Nations, the East River Esplanade, and some of the neighborhood's best dining, shopping, and transportation options.
The co-op allows outstanding flexibility for the buyer, including up to 75% financing, co-purchasing, guarantors, parental purchasing, pied-à-terre ownership, and subletting. Shareholders may sublet for a maximum of two years during any six-year period. Pets are welcome with board approval.
Should you decide to move forward, we're happy to guide you through every step of the co-op board application and approval process.
Please note there is an special assessment of $274. 02/ month until June 2027 for replace the mechanical systems of all three elevators, with an ongoing capital assessment of $35. 40/ month.
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.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$435,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $348,000 | $348,000 | $348,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,084 | $2,171 | $2,867 |
| Total Monthly Payment | $2,159 | $2,246 | $2,942 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.