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Welcome To Lafayette Terrace, Where Beachside Living Meets Everyday Convenience. This Alcove Studio Offers A Spacious Layout W/ Separate Sleeping Area, Giving It The Feel Of A True One-Bedroom. The Full-Size Eat-In Kitchen Provides Plenty Of Space For Cooking & Dining, While The Large Full Bath Enhances The Comfort Of The Unit. Located In A Prime Oceanfront Building, The Unit Gets Great Natural Light W/ Partial Bay & NYC Views From The 6th Floor. Maintenance Is $919 & Includes Gas, Heat & Water. There Are No Current Assessments & The Building Is Cat-Friendly. Amenities Include A Gym, Sauna, Bike Storage, Oceanfront Sundeck & A Penthouse Sky Room W/ Panoramic Water & City Views, Ideal For Relaxing Or Entertaining. Laundry On Every Floor Adds Convenience & On-Street Parking Is Available, W/ A Waitlist For Garage Spaces. Plus, After Two Years Of Ownership, You Can Rent The Unit For Two Out Of Every Five Years, Offering Great Flexibility. With Easy Access To The Beach, Boardwalk, Restaurants & Frequent Daily Trains To NYC, You’ll Enjoy The Perfect Blend Of Coastal Charm & City Convenience.
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:
$350,000
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 | $280,000 | $280,000 | $280,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,747 | $1,839 | $2,344 |
Total Monthly Payment | $1,822 | $1,914 | $2,419 |
* 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.