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This newly gut-renovated co-op is a true two-bedroom, 1. 5-bath apartment in Jackson Heights. The apartment is filled with natural sunlight from southeastern-facing windows with unobstructed park views. Upon entry, you’ll notice several stylish renovation touches, including crisp, white paint and cherry red hardwood flooring and baseboards. The welcoming foyer leads into the spacious living room, perfect for various furniture layout options such as a large sectional sofa. This oversized space comfortably accommodates a dining table, making it perfect for hosting and entertaining. The windowed eat-in kitchen is a dream for avid cooks, with clean countertops, ample prep space, and brand-new appliances. The modern cabinetry provides plenty of storage space while the tiled backsplash creates a clean and warm appearance. The dining area can easily seat a table for four and is completed by the stylish ceiling fan above. Both bedrooms have spacious closets, and the primary bedroom can easily fit a king-sized bed. The full bathroom is windowed and boasts floor-to-ceiling tiles and a pedestal sink. The co-op is well-maintained, with a monthly maintenance fee of $985. 93 that covers electricity, gas, taxes, heat, and hot water. Southridge Section One has excellent financial statements and offers several amenities, such as a gym, playroom, party room, lounge/library, indoor bike rack, and 24-hour laundry facilities. An attentive staff of six is available on the premises for 24/7 emergencies. The property features four beautifully maintained courtyards and gardens, and there is a waitlist for parking and storage. A 20% down payment is required, along with board approval. While subletting is not permitted, small pets and dogs are welcome. Restaurants, shopping, parks, and cafes are conveniently located just moments away.
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Our Executive Mortgage Banker:
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$399,000
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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,991 | $2,097 | $2,672 |
Total Monthly Payment | $2,066 | $2,172 | $2,747 |
* 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.