THE UNIT: Welcome to #5C. . . a most charming, quiet and comfortable, front-facing, corner apartment w/ a fantastic floor plan that offers max function & windows in every room! Enter to a spacious entry foyer situated at the center the unit's ideal layout. To the far left lies a grand living room w/ formal dining area & plenty of extra square footage for an additional area of use such as a home office! Next, a renovated, windowed galley kitchen w/ a clean, modern aesthetic, lots of cabinetry & stainless steel appliances w/ a dishwasher is a pleasure to cook in. Off to the right of the entry foyer, take a hall of wall-to-wall, floor to ceiling closets to a nicely updated, windowed bathroom and a dreamy, oversized and quiet corner master bedroom w/ extra room, great closet space and dual window exposures. Other notable highlights include large windows, gorgeous & shiny wood floors, smooth walls, plenty of electrical outlets throughout and much more! This one is not to be missed! THE BUILDING/LOCATION: Always at the top of buyer wishlists! The Garden Arms is a prestigious, very well-maintained, highly regarded and most coveted historical mid-rise co-op ideally and centrally located just steps from all conveniences on a quiet street in the private community of Forest Hills Gardens. . . off the absolutely stunning Station Square! Among many others, building highlights include secure main entry w/ intercom system, laundry room on 1st floor, manicured front gardens and more. . . As a resident of the FHGC, you'll enjoy easy street parking by permit only, roaming neighborhood security & patrol car, several private green spaces & parks, clean streets & beautiful year-round landscaping throughout the neighborhood maintained daily by FHGC-appointed staff & work crew. . . and much more! Also, accessibility from 25 Burns to all is truly 10/10 - located literally a few steps to the LIRR (16 min or less to NYC!, ) 1 block to Austin Street, 2 blocks to the express & local buses & subway (E/F/R/M) at the 71st & Continental stop, Forest Hills Stadium & the West Side Tennis Club. . . 15-25 minutes to LGA/JFK, minutes to all major highways. . . & much more! OTHER: Board approval required. Min down payment = 20%. Max DTI = 28%. No dogs. Maintenance includes heat, hot water & real estate taxes. No current assessments! Building is wired for Verizon Fios & Spectrum cable & internet!
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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 | $260,000 | $260,000 | $260,000 |
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 | $1,643 | $1,708 | $2,177 |
Total Monthly Payment | $1,718 | $1,783 | $2,252 |
* 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.