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Nestled on a picturesque cul-de-sac shared by the distinguished Southgate cooperative and the iconic River House, this expansive one-bedroom, one-bath residence showcases timeless pre-war elegance. The oversized layout features a gracious living room adorned with a wood-burning fireplace, classic beamed ceilings, and custom built-ins that exude warmth and sophistication. An inviting dining gallery connects seamlessly to the windowed kitchen, while the spacious bedroom offers a walk-in closet and serene comfort. Exceptional storage is a hallmark of this home, with three additional walk-in closets thoughtfully positioned in the foyer and gallery. Electricity is included in monthly maintenance. The Southgate is a premier pre-war cooperative in the coveted Beekman neighborhood, designed by legendary architect Emory Roth and developed by Bing & Bing in 1931. This full-service building features a 24-hour doorman, a beautifully landscaped private garden, bike storage, and additional onsite storage, as well as a large laundry room. The building is pet-friendly and allows pied-Ã -terres and up to 80% financing, all with board approval. There is a 2% flip tax payable by Buyer. The tranquil Beekman and neighboring Sutton Place communities offer a curated selection of shops, beloved restaurants, and the scenic new East River Promenade. Please note: There is a monthly assessment of $331. 50 which began in May 2024, lasting for 39 months.
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Our Executive Mortgage Banker:
Our Insurance Division:
$695,000
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 | $556,000 | $556,000 | $556,000 |
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 | 7.108% | 7.063% | 6.152% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,514 | $3,653 | $4,654 |
Total Monthly Payment | $3,606 | $3,745 | $4,746 |
* 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.