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Move right into this spacious and meticulously maintained studio apartment, ideally situated in The Dorchester - a highly sought-after pre-war elevator building with a stunning Art Deco lobby and an unbeatable commuter-friendly location. Nestled just steps from Van Cortlandt Park, the 1 Train, multiple bus lines, Manhattan University, and the coveted Fieldston neighborhood of Riverdale, this apartment offers the perfect blend of convenience and classic charm. Inside, you'll find a thoughtfully designed layout featuring a grand entry foyer, high ceilings, elegant archways, beautiful hardwood floors, a sunken living area, and a separate kitchen. The bathroom includes a convenient tub and shower combination, while the apartment's generous proportions provide flexibility for comfortable living. Residents of The Dorchester enjoy an array of amenities, including a live-in superintendent, laundry room, storage, a landscaped patio and community garden, and environmentally friendly solar panels. The building is also dog-friendly with board approval. An added bonus is the building's side entrance, which provides direct access to the third floor with only a few steps. Studio units in The Dorchester are a rare find. Enjoy easy access to Riverdale's vibrant dining scene, cafes, bars, golf courses, and horse-riding, all while living adjacent to one of New York City's most beloved parks.
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Our Executive Mortgage Banker:
$185,000
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 |
|
|---|---|---|---|
| Loan Amount | $148,000 | $148,000 | $148,000 |
| 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 | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $899 | $934 | $1,229 |
| Total Monthly Payment | $974 | $1,009 | $1,304 |
* 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.