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Right at the center of it all in Hells Kitchen, on a pin-drop quiet street, this 1910 floor-through apartment has all the old world charm you could ask for! Wooden shutters, exposed brick, high ceilings, and its original fireplace!
These Hells Kitchen co-ops are almost NEVER available-in fact this is only the second apartment to be sold in this building in its entire history! It's a two-bedroom floor-through stretching along the entire west side of the building from front to back, which means tons of light! It's on the raised ground floor, which means minimal stairs-but it's high enough up that you can't see in from the street.
Walk to the theater, work out in central park or the Hudson running path, enjoy dozens of world-class restaurants, all are steps from this jewel of an apartment!
434 West 49th is an HDFC co-op with very low monthly maintenance ($550/month, includes real estate taxes) but it has income limits: AGI from the buyer's last two tax returns has to be $90, 720 for one person; $103, 680 for two persons in order to be approved for the building (what happens to future years' income doesn't matter, you can with the lottery the day after closing and it's all good). Apartment must be a primary residence. Gift buying and buying for children is okay.
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Our Executive Mortgage Banker:
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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 | $384,000 | $384,000 | $384,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,427 | $2,523 | $3,215 |
Total Monthly Payment | $2,502 | $2,598 | $3,290 |
* 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.