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0. 3 mi to Travers Park • 34th Ave Open Street (Paseo Park) • Jackson Heights Historic District Top-floor 2-bedroom condo in The Colton, a 1939 mid-rise elevator building in the Jackson Heights Historic District. This end unit offers approximately 1, 230 sq ft of single-level living, filled with abundant natural light, with hardwood floors throughout, cathedral ceilings, double-pane insulated windows, and city and skyline views. A comfortable layout pairs an eat-in kitchen with a separate formal dining area and a pantry, alongside two bedrooms and a full bathroom featuring both a bathtub and a separate stand-in shower. Just outside, the neighborhood is a draw in itself. Travers Park sits about 0. 3 mi away with tennis courts, basketball courts, and playgrounds, and the unit has easy access to the 34th Avenue Open Street (Paseo Park), a multi-block pedestrian and cycling corridor. The 37th Avenue retail corridor is roughly 0. 15 mi away, home to coffee shops like Qahwah Valley and Danang Tea House and grocers including Ferreira Foodtown, Food Dynasty, and Premium Market, all within about 0. 2 mi. Subway service at 74th St–Broadway and Jackson Hts–Roosevelt Ave (E, F, M, R, and 7 trains, plus the LaGuardia shuttle) is approximately 0. 4 mi away, putting Manhattan within a quick ride. The building is an elevator condominium that allows subletting and counts a park among its common amenities.
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Our Executive Mortgage Banker:
$775,000
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 | $620,000 | $620,000 | $620,000 |
| 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% | 6.512% | 5.866% |
| Monthly Tax Payment | $318 | $318 | $318 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,713 | $3,868 | $5,107 |
| Total Monthly Payment | $4,123 | $4,278 | $5,517 |
* 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.