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This bright and spacious 3-bedroom, 2-bathroom condominium apartment is ideally located in the heart of Central Riverdale. The prime location puts you just steps from Johnson Avenue and Riverdale Avenue, with easy access to stores, restaurants, Starbucks, Moss Cafe, parks, and excellent transportation options. The apartment features abundant natural light thanks to its desirable eastern exposure, brand-new hardwood floors throughout, and a beautifully appointed kitchen with cherry wood cabinets, granite countertops, and GE stainless steel appliances. The generous primary bedroom includes a walk-in closet and a private ensuite bathroom, while the additional bedrooms each have their own closets. There is also a convenient pantry closet and coat closet. Additional highlights include an in-unit washer/dryer and high-speed internet readiness. This pet-friendly building offers low monthly common charges of just $715, which include central heating, water, and cooking gas. One deeded parking space is available for $40, 000. This is a rare opportunity to own a move-in-ready condominium in one of Riverdale’s most convenient and desirable locations, with modern finishes, excellent space, and exceptionally low carrying costs. Buyers will assume the NYC & NYS Property Transfer Tax of 1. 825% of the sale price. The complete offering terms are in the Offering Plan available from the Sponsor. File No. CD-040443.
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Our Executive Mortgage Banker:
$685,000
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 | $548,000 | $548,000 | $548,000 |
| 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 | $537 | $537 | $537 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,330 | $3,460 | $4,551 |
| Total Monthly Payment | $3,959 | $4,089 | $5,180 |
* 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.