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Upper East Side Investment Opportunity
An exceptional investment awaits in the heart of the Upper East Side. This spacious, tenant-occupied (rent stabilized) apartment presents an ideal opportunity for long-term growth. This large one bedroom has a private east facing terrace and ample closets for storage. The expansive living room allows for living, dining and even work space. The generous primary bedroom easily accommodates a king-size bed and additional furnishings. While the apartment remains in its original condition, its size and classic charm provide significant potential for updates.
With its unbeatable location and abundant space, this property offers a unique chance to invest in one of New York City's most prestigious neighborhoods.
The building is a post-war high-rise that's packed with desirable amenities. Washer/dryers are permitted with Board approval. Building amenities include a beautifully maintained courtyard with an outdoor playground, fitness room, storage units for rent, bike storage, community room, 24-hour doormen, a live-in resident manager, an on-site garage. The central UES location is close to numerous restaurants, parks and markets. Transportation is easily accessible via the 79th Street crosstown bus, 1st or 2nd Avenue Select bus, Q train at 83rd Street, and 4, 5 and 6 trains a few blocks away on Lexington Avenue.
333 East 79th Street/340 East 80th Street are pet-friendly buildings that allow 80% financing, and permits pied-a-terres, co-purchases and guarantors on a case by case basis.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$365,000
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 | $292,000 | $292,000 | $292,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.360% | 7.290% | 6.404% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,992 | $1,967 | $2,484 |
Total Monthly Payment | $2,067 | $2,042 | $2,559 |
* 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.