|
Residence 3Q at 220 Madison Avenue presents a rare value-add opportunity for buyers looking to renovate and personalize this two bedroom, two bath residence to their taste to create a customized home in one of NoMad's most sought-after full-service buildings, The John Murray House. This generously proportioned residence offers an exceptional layout highlighted by a corner primary bedroom suite with dual exposures, abundant natural light, and an en suite windowed bathroom.
The expansive living room provides an ideal canvas for both everyday living and entertaining with ample room for a dining area. Both the windowed kitchen and bathrooms will benefit from updating, creating the opportunity to design contemporary finishes and functionality while building equity in a premier Manhattan location. With excellent bones, a desirable floor plan and strong natural light throughout, 3Q is the perfect investment to craft a home tailored to your vision.
220 Madison Avenue is a well-established, full-service cooperative featuring a 24-hour doorman, live-in resident manager, landscaped roof deck with panoramic views of the city and the Empire State Building, a central laundry room, bike storage, and on-site parking garage (subject to availability). Situated at the crossroads of NoMad, Murray Hill, and Midtown South, residents enjoy convenient access to some of Manhattan's best dining, shopping, and transportation. Everyday essentials are moments away, including Whole Foods Market, Trader Joe's, Bryant Park and Grand Central with its plethora of transportation options, making this a highly convenient and connected locale to call home.
Transfer Fee is 1. 5% Paid by buyer. Flexible building policies include up to 80% financing, pets, (one dog up to 35 lbs and/or two cats), guarantors and subletting after two years of residency. Recent building upgrades include the lobby, hallways and elevators in addition to local law 11 completion with no current assessments. Estate sale is being sold in "as is" condition. Several photos have been virtually staged for illustrative purposes only where indicated therein. All measurements and square footages are approximate and all information should be confirmed by customer.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$765,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $612,000 | $612,000 | $612,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,719 | $3,864 | $5,082 |
| Total Monthly Payment | $3,811 | $3,956 | $5,174 |
* 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.